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 »
Are there really three USPAP secrets you need to know? What are they? Why are they secrets? Is The Appraiser’s Advocate website the only place I can find them? OK! Enough questions! What are the secrets about extraordinary assumptions and hypothetical conditions I need to know? First, the three USPAP secrets are not really secrets.
What are four things the newbie appraiser must bring to the table? Really, what are four professional attributes the newbie appraiser must being to the table? There are more than four. But a discussion of only four of them will suffice here. OK, what are the four? You’ll have to listen to the podcast to
Four Things the Newbie Appraiser Must Bring to the Table – TAA Podcast 069 Read More »
Listen carefully! In this podcast, I’m going to share a Freddie Mac Appraisal Secret! If this secret gets out, it could mean the downfall of the residential real estate appraisal industry as we know and love it! I’m completely serious (not)! This secret is so applicable, so practical, you won’t believe you’ve never seen it
Freddie Mac Appraisal Secret! No Sharing! – TAA Podcast 068 Read More »
Yes, a highest and best use analysis is part of USPAP. So, that means each appraisal and report must have one. It is true, the archaic 1004 form limits this to a checkbox. That’s really dumb! If the GSEs are so hot about one, why not give us some room on the form to put
More on Highest and Best Use!? Really?! – TAA Podcast 067 Read More »
Want to know how a proper reconciliation keeps your assets out of a sling? Unfortunately, it is too easy to find them in one. Too many people want your assets on a tray. Did you “kill” a deal? That real real estate broker wants your assets in a sling now! Does that homeowner think you
Why are neighborhood boundaries so important? Simply put, the concept is one of influence. Whatever influences value is the subject’s neighborhood will also influence the subject’s marketability. They will also influence the subject’s market value. And an appraisal is all about market value, right? It is important, though, to remember that market value does not
Why are Neighborhood Boundaries So Important? – TAA Podcast 065 Read More »
In real estate appraisal, there is no standard definition of a comparable sale. There is no formal definition in the literature. Nobody has a practical definition, either. USPAP does not have one. Fannie Mae just assumes we all know what one is. But we don’t have a standard definition. That does not make sense, does
What is a Comparable Sale? – TAA Podcast 064 Read More »
Are inconsistencies in appraisal reports that bad? Generally, yes! This is because an appraisal report must make sense. It is easy to gather facts and then report them. That takes no analyses. But our job is to take those facts, and then make sense of them. Why? So the client can use them to judge
Three (3) Points of Inconsistency – TAA Podcast 063 Read More »
