Tim’s Musings

Cost Approach Appraisal: So Many Questions, So Few Answers, and Such Low Fees

Why Cost Approach Appraisal Matters Most appraisers avoid the Cost approach appraisal because they were never taught to appreciate how much analytical horsepower it carries. Skip it, and you skip the answers to questions a state appraisal board may one day expect you to answer: site value as if vacant, age and condition adjustments, entrepreneurial […]

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Blog #134: “Make a Box and Whisker Graph Your Friend!”

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

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Blog #132: “The Concept of Affordability?”

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

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Blog #89: "You Listened to a Broker!? What's Wrong with You?!" | Tim Andersen | The Appraiser's Advocate

Blog #128: “HOORAY For Our Side! TAF and the ASB Propose to Delete the Definition of MISLEADING From USPAP!”

Is USPAP misleading?  By now you have likely heard the news.  And, by the way, HOORAY for our side!  We got it changed! Until January 1, 2020 USPAP never contained a definition of the terms to mislead or misleading. In any event, for the 2020-2021 USPAP cycle, there is a definition of misleading. Yet, the

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