Bias in an appraisal?! You may not realize it. There is the possibility of bias in your appraisal and your appraisal report. How so? An appraiser is competent, independent, impartial, and objective. OK, so what’s the problem with bias? According to the experts, there are at least 180 types of bias. We appraisers can engage […]
Bias in an Appraisal!? – TAA Podcast 049 Read More »
“Support my opinion? Why?! It’s an opinion, not a fact!” It is true that we appraisers are paid for our opinions. What a way to make a living, right? Yet, there is an opinion that is little more than a wild-ass guess. Then there is an opinion based on facts. An appraiser’s professional opinions should
What Do You Mean I Have To Support My Opinion? – TAA Podcast 048 Read More »
This is where you need an expert. You’re already an appraisal expert, but you know nothing about how to respond to a complaint. Your business plan may be perfection. But responding to a complaint is not part of the typical business plan. You may have killer appraisal software. But software alone won’t help you with
Things You Shouldn’t Say – TAA Podcast 047 Read More »
Do appraisers create value. There are some who think we do. There are some who think we can. As if we wave a magic wand and – poof! – value results. We know that’ just not true. At lease on think-tank study concludes we can create value in minority neighborhoods merely by appraising those properties
Do Appraisers Create Value? – TAA Podcast 046 Read More »
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 »
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.
