Tim's Musings
Tim's Musings on USPAP and a Whole Bunch of Other Stuff
Tim muses a lot! He muses on USPAP, highest & best use, adjustments, due diligence, and other appraisal topics. His musings also cover appraisal reviewers, hangmen, naked accordions, and peregrinating trees. So, all those musings are here for you to enjoy. If his musings bring a smile to your lips, so much the better. Tim’s goal, therefore, is to stimulate reasoned controversy and open debate. Nevertheless, when Tim’s muses strike, they strike him hard. As a result, Tim has no choice but to write them down. What you see below is the result of Tim’s muses beating on him.
Blog 134: So Many Cost Approach Questions! So Few Answers! Such Low Fees!
INTRODUCTION 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
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
Blog #133: “10 Questions on the Cost Approach.”
INTRODUCTION It is clear most appraisers do not like to do the Cost approach. This may be because most appraisers simply do not appreciate its power. Consider these 10 Cost approach questions. 10 QUESTIONS TO CONSIDER Take a look at these 10 questions on the Cost approach (and stuff related to it). After you’re finished,
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
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
Blog #125: “On Value, Accuracy, and Misleading…and How They are Different From What You Might Think!”
Value, Accuracy, and Misleading. How do these affect your appraisals and reports? Tim Andersen, The Appraiser’s Advocate explains these issues and more in this blog…soon to be a podcast!