Are inconsistencies in appraisal reports that bad? Generally, yes! This is because an appraisal report must make sense. It is easy to gather facts and then report them. That takes no analyses. But our job is to take those facts, and then make sense of them. Why? So the client can use them to judge […]
Three (3) Points of Inconsistency – TAA Podcast 063 Read More »
What does USPAP say about analysis? Specifically, nothing. But it does admonish appraisers to identify it first, and then to analyze it. OK, what does that mean? A clear example is the number of bedrooms. If the “typical” house in the neighborhood has three bedrooms, does a fourth bedroom add any value? We can’t analyze
You Can’t Analyze it Until You First Identify It! – TAA Podcast 062 Read More »
What are a property’s characteristics? True, they include such things as GLA, quality of construction & finish, number of bedrooms, and so forth. But those are just some of the property’s physical characteristics. Really, there are more. The problem is, sometimes appraisers see the physical characteristics as paramount. But we can ignore the other important
What Are A Property’s Characteristics? – TAA Podcast 061 Read More »
Real estate appraisal boilerplate can be an advantage! Yet, it can save time, money, and effort. These are a plus to any appraiser, right? But is there a downside? Are there circumstances when boilerplate could be a problem? Unfortunately, yes, there are. While boilerplate has its advantages, it has some strong disadvantages, too. So strong,
Hello, State Appraisal Board! Here’s My Boilerplate! – TAA Podcast 060 Read More »
What is so special about the appraiser’s workfile? Just how does it benefit you, the appraiser? Isn’t it really just a time killer? Each of these is a reasonable question. Appraisers ask them all of the time. This podcast answers those questions. Tim also encourages you to find your own answers to these questions. To
Your Appraiser’s Workfile Benefits You – Really! – TAA Podcast 059 Read More »
“Newbie, to the table, now!” Now, you want a job as an appraiser, do you!? This firm is willing to help you out. But you gotta wanna help this appraisal firm, too! So show me why, in the next 120 seconds, I should hire you! Start!” “Newbie, to the table, now!” is not how your
Newbie, To the Table! – TAA Podcast 058 Read More »
Sales and financing concessions!? What’s the problem? If the house sold for $100,000, its worth $100,000, right? This is what our broker friends try to tell us. But we appraisers have a higher calling than brokers. We can’t use puffery! We have to tell the truth (even if it kills a deal)! So, what’s so
Thoughts on Sales and Financing Concessions – TAA Podcast 057 Read More »
What does Fannie Mae want? Can we even provide what she wants? Is it clear what she wants? In a short podcast it is impossible to answer these questions in any depth. Nevertheless, The Appraiser’s Advocate will take a stab at it! Why? Because you deserve to know! What does Fannie Mae want? Among other
What does Fannie Mae Want From Us Appraisers? – TAA Podcast 056 Read More »
“What you can do with these photos” is provocative. I wrote it to get your attention. Appraisal reports contain photos. This is not a USPAP requirement. Nor is it a Fannie Mae requirement. Really, it is the lender’s requirement. They familiarize the lender with the subject. So, what is so controversial about photos in an
What You Can Do With These Photos! – TAA Podcast 055 Read More »
Who is large and in charge? When it comes a real estate appraisal and report, you are! That’s right! You are! While the client wants to think it calls the shots, you do. Really! Have you ever thought why you’re in charge? Think about it! That lender or that AMC needs you! Since you are
You are Large and In Charge! – TAA Podcast 054 Read More »
