Tim

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

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

“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

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

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