When it comes to the 1004 form, we all know its hard to use. But its all we have, so we overcome its limitations and do our best. When it comes to analyzing the subject’s neighborhood, Fannie Mae asks us to answer 36 questions. Yes, there is not enough space on the form. We must […]
The 1004 Form is so Poor… – TAA Podcast 045 Read More »
So, what is the beauty of the income approach? It probably is not in concluding a market value. More likely, is that (a) it helps the appraiser with a highest and best use conclusion, and (b) it may help to extract from the data the quantity of an adjustment. It will also help the appraiser
The Beauty of the Income Approach? – TAA Podcast 044 Read More »
Why are Systemic and Critical thinking skills so important for an appraiser? When I was 12-years old and stupid, a two-way barefoot sprint.across a searing parking lot taught me two lessons. I had to plan ahead. And I had to be prepared to live with the consequences of my decisions. Now.most real estate appraisers are
When I Was 12-Years Old and Stupid – TAA Podcast 043 Read More »
It is clear most appraisers do not like to do the Cost approach. Generally, we are not too familiar with it. So, it is clear that most appraisers, because of this, do not appreciate the deep analytical power the Cost approach really has. Therefore, I’m going to ask you 10 questions on the Cost approach
So Many Cost Approach Questions. So Few Answers. Such Low Fees – TAA Podcast 042 Read More »
A great real estate appraiser? What are the five signs? Listen to this podcast! Tim Andersen, The Appraiser’s Advocate, explains each of them. The first sign is you understand highest and best use, a big one. Then you understand reconciliation. Who names the intended use and users comes into play here, too (spoiler alert: you,
Five Signs You Are a Great Real Estate Appraiser – TAA Podcast 041 Read More »
INTRODUCTION Consider the lowly box-and-whisker (B&W) graph. From any spreadsheet program, it is easy to make (it is part of the graphing function). You’ll find it easy to read, too. Clients generally understand it since it so clearly announces its own purpose. From it, the appraiser gets an instant picture of the high and low
Blog #134: “Make a Box and Whisker Graph Your Friend!” Read More »
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 »
