Many of you know that I don’t do partnerships. I’ve had some negative experiences in the past, and I don’t like the idea of being a part of one again. … Read More
Reconciliation
How do you reconcile between the value indications of the three approaches, or even between the range of value indication in even one approach? How you answer this is important … Read More
Appraiser Politics
Recently, I noticed many appraisers were excited about a new bill that was introduced in Virginia. This bill initially sounded favorable to me, but as I examined it more … Read More
Age is Relative
You might have noticed a certain theme running through some of my recent blog posts. I’ve been focusing on the fundamentals of real estate appraisal; the importance of location, differentiating … Read More
Location, Location, Location
It’s one of the oldest sayings in the industry and you’ve all heard it a million times before. “What are the three biggest rules of real estate? Location, location, location.” … Read More
Price vs Value
Nobody can deny that there are a lot of issues plaguing the appraisal industry at the moment. I want to talk about one issue that I sometimes see: the … Read More
Off-Shouldering; The Key to Success
We are now knee-deep in tax season. Oh joy. When I realized this, it got me thinking about the first time I ever made use of off-shouldering. “Off-shouldering” is … Read More
You Don’t Have to Make Everything “All Better” as an Appraiser
A little while ago, my wife recommended a book to me. It is called “I Don’t Have to Make Everything All Better,” by Gary and Joy Lundberg. It’s … Read More
Can You Adjust for Quality, Condition, and Effective Age?
I just finished reviewing an appraisal report where the appraiser labeled the subject a Q3, and a comp Q2; he then made some pretty hefty adjustments to compensate. “No problem,” … Read More
Where do you Keep Your Support for Adjustments?
It happens to me all the time; I run into a unique situation where I need some unusual data, know I have run all the right numbers just a few … Read More
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