INTRODUCTION It is clear most appraisers do not like to do the Cost approach. This may be because most appraisers simply do not appreciate its power. Consider these 10 Cost approach questions. 10 QUESTIONS TO CONSIDER Take a look at these 10 questions on the Cost approach (and stuff related to it). After you’re finished, […]
Blog #133: “10 Questions on the Cost Approach.” Read More »
INTRODUCTION What do you know about the concept of affordability? How do you account for it in your day-to-day appraising? Should you account for it? Does the concept of affordability even impact the typical first mortgage real estate appraisal? AH, MEMORIES! Remember the last time markets were this active, prices this hot, and housing supply
Blog #132: “The Concept of Affordability?” Read More »
Is she a qualified state investigator? She can’t be! She’s not even an appraiser! She does not understand USPAP! How can a non-appraiser do that? This is a common complaint. State investigators are not appraisers. So, how can they investigate us? This is a misconception many appraisers have. It is illogical to think this way.
Neighborhood analytics? Really!? That’s easy! Just fill in the boxes on the 1004 form. What’s the bid deal?! Fannie Mae asks us to answer 36 questions about any subject’s neighborhood. Frankly, its not important that we reached a credible value conclusion. What is important is to explain why that conclusion is credible. That’s why due
Part II – Does My Neighborhood Really Need Analysis? – TAA Podcast 039 Read More »
Due Diligence? Is this something real estate appraisers really need to know about? Just get the report back to the client quickly, right? It’s likely the client does not even read the report, right? Besides, at $450 a pop, you can’t spend a lot of time on the appraisal or report! It is true there
My Library Book is Due Tomorrow. So, When is My Diligence Due? – TAA Podcast 038 Read More »
Green Eggs and Ham?! What can those possibly have to do with real estate appraisal in the first-quarter of the 21st century? From a purely literal standpoint, nothing. But let’s look past the literal. Is there a metaphorical meaning? Is this Dr. Seuss book a moral parable? What can we adults learn from this book?
Green Eggs & Ham and Real Estate Appraisal in the 21st Century – TAA Podcast 037 Read More »
When it comes to neighborhood analysis, what does Fannie Mae want? That’s all clear in B4-1.3-03 of the Selling Guide. Really! It’s all there. No reason to guess! No reason to worry over it! What Fannie Mae wants is all there! Of course, that means we appraisers have to read it. We must be familiar
Does My Neighborhood Really Need to be Analyzed? – TAA Podcast #036 Read More »
Stats and Graphs! George Dell, MAI, CRE, ASA explains these to us. In other words, he clarifies them for us. Why use them? Do they explain what we do better than we can explain it? Do they paint a picture of the data in the client’s mind? Do they provide the client with essential information?
Is USPAP misleading? By now you have likely heard the news. And, by the way, HOORAY for our side! We got it changed! Until January 1, 2020 USPAP never contained a definition of the terms to mislead or misleading. In any event, for the 2020-2021 USPAP cycle, there is a definition of misleading. Yet, the
Why HOORAY for our side? USPAP did not have a definition of “misleading”. As of January 1, 2020 it did. Nevertheless, that definition was confusing. It said a typo in a report was the same a violation of ethics. Consequently, a simple mistake was the same as choosing to violate ethics. Certainly, that had to
HOORAY! A Win For Our Side! A USPAP Definition Changes! – TAA Podcast 034 Read More »
