USPAP and Pending Contracts – TAA podcast 103
Really! It’s OK to use the pending purchase and sale contract as a comparable on the sales comparison approach grid.
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USPAP and Expanding Horizons – TAA Podcast 102
USPAP and expanding horizons. Now that the appraisal business is slow, it’s time to expand your horizons. This means taking steps you have never taken before. It means engaging in activities in which you’ve never engaged before. We will need to adopt a mindset we have never adopted before. In other words, it means change. Appraisers
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USPAP and Three Questions – TAA Podcast 101
USPAP and three questions? What does that mean? It means that, in this podcast, we are going to tackle three questions. They are questions appraisers constantly ask. This consistency means that these answers are not cast in stone. That is a shame. Therefore, we’re going to answer them in a manner that is applicable to
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USPAP AND (UN)INTENTIONAL OMISSIONS – Did You Really Mean to Omit the Cost Approach from Your Appraisal? – TAA Podcast 100
USPAP and (un)intentional omissions? What does that mean? Unintentional omissions makes sense. But why would an appraiser intentionally omit something? And that’s the question. Why would the appraiser intentionally omit the analyses of the cost approach from the appraisal? And why would the appraiser intentionally omit the results of those analyses from the report? These
USPAP and Enough Iterations – TAA Podcast 099
USPAP and enough iterations. What does that mean? Really, it relates to what is in your workfile. Or, what is supposed to be in your workfile. OK, what is supposed to be in the workfile? Everything. But that answer is too general and too ambiguous really to mean anything. Let’s see if we can be
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USPAP and The Nick – TAA Podcast 098
USPAP and the NICK. What does that mean? Has a reviewer ever told you some part of your report was not right? Gave you a hard time on it? Told you to re-do something? That’s the nick. But there is help! There are ways to avoid the nick in the future. Read on! When we
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USPAP and Ammunition – TAA Podcast 097
USPAP and ammunition? What does that mean? We appraisers have made it too easy for our critics to shoot at us. Not only that, we appraisers supply our critics with the ammunition! One of the major points of contention we have with our critics is that since appraisers determine a property’s value then, in neighborhoods
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USPAP and Sharp Saws – TAA Podcast 096
USPAP and sharp saws? What do USPAP have to do with sharp saws? Things are slow right now, right? Volume of orders is less than it was even two months ago, correct? So, now you have some free time. Read some books. Listen to some podcasts. Take some classes. That’s what you do when you
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USPAP and Neighborhood Analysis – TAA Podcast 095
When it comes to USPAP and neighborhood analysis, many appraisers think such an analysis is a waste of time. After all, every house in the US is near shopping, schools, houses of worship, entertainment, and recreation, right? But what does Fannie Mae say about neighborhood analysis? She makes her demands really clear in section B4-1.3-03,
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USPAP and The Neighborhood – TAA Podcast 094
USPAP and the neighborhood. This may be hard to understand. USPAP does not even use the word neighborhood in Standards 1 and 2. So how can neighborhood analysis be even minimally important? For that, we have to forego USPAP and go straight to the Fannie Mae Selling Guide. Section B4-1.3-03 covers the subject’s neighborhood and
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