Random appraisal thoughts? So much is going on in AppraisalWorld right now, its time for some thinking. ANSI measurements standards are not the way we measure houses, etc. Desktop appraisals are here to stay, at least for Fannie Mae. The PAVE Task Force met and all bias and discrimination in mortgage lending is the appraiser’s […]
Random Appraisal Thoughts and USPAP, Too! – TAA Podcast 080 Read More »
Ask Why! It’s OK! Appraisers have an ethical obligation to understand what they are doing. We call it COMPETENCY. USPAP even has a Competency Rule. Why? Because the client has the right to assume our appraisals are credible, accurate, reliable, and reproducible. Our reports must not mislead anybody. And how do we do all this?
ASK WHY! IT’S OK! – TAA Podcast 079 Read More »
10 questions Fannie Mae just has not answered? There are probably more than 10, but this podcast covers only 10 of them. Maybe we appraisers have not asked the proper questions? Maybe Fannie Mae does not trust enough to give us the answers. But the point is, we appraisers have questions. Fannie Mae has answers.
10 Questions Fannie Mae Just Has Not Answered – TAA Podcast 078 Read More »
USPAP says support everything! That’s really great advice, but is it practical? Appraisers have only so much time and money to do an appraisal. That report must get out the door quickly and timely! So, is there really time to explain and support everything? Let’s put it this way: there probably is not. But try
USPAP Says Support Everything! – TAA Podcast 077 Read More »
Real estate appraisal’s future? Dare we look into it? Is it not best to leave some elements of life undiscovered? Tim Andersen, The Appraiser’s Advocate peers into that abyss. But since the future in unknowable, Tim’s guesses are as good as anybody’s. Isn’t it amazing? Real Estate’s appraisal protocols have not changed fundamentally since the
Real Estate Appraisal’s Future? – TAA Podcast 076 Read More »
There are more unacceptable appraisal practices?! Really, just how many can there be? Fannie Mae has 16. Freddie Mac has 10. But no matter. There really is a benefit here! What, possibly could that benefit be? That benefit is once you know them, you can avoid them. And when you avoid them, your appraisals are
MORE Unacceptable Appraisal Practices?! – TAA Podcast 075 Read More »
“Some clown wants a reconsideration of value (ROV)?! ROVs are Satan’s own seed, right? Probably, that obnoxious broker told the borrower to file the ROV! This would not be even an issue if that idiot, greedy broker had priced the property correctly! So, now what?! I’ve got to stop everything else I’m doing to babysit
Reconsiderations of Value: Satan’s Own Seed, Right? – TAA Podcast 074 Read More »
Are they market value? Those Zillow purchases and now their sales of the properties they bought. There is a reason to ask. Recently, a state appraisal board took an appraiser “behind the woodshed”. Why? That state board sanctioned the appraiser for (among other reasons) using ibuyer sales and purchases as comparable sales. Really?! Yes! As
…But Are They Market Value? – TAA Podcast 073 Read More »
USPAP and hot sauce? Really?! Yes, there is a connection. That connection is the basis of analysis. So, what is analysis? For appraisers, it is really just a side-by-side comparison. Comparison of what? We compare, side-by-side, attributes of properties. Which properties? What attributes? See, that’s the connection. How hot is a hot sauce? There is
USPAP and Hot Sauce – TAA Podcast 072 Read More »
On widgets and doohickeys, you say? And old mother USPAP, too. What does all this mean? Well, widgets are made up of lots of doohickeys. We deconstruct that widget into its component doohickeys. Once we have them all on the workbench we have deconstructed the widget. Is there more? Yes. Now we look at the
On Widgets and Doohickeys and Old Mother USPAP – TAA Podcast 071 Read More »
