When searching for an appraiser, can going cheap cost you? Like running shoes, using the cheapest appraiser may cost you more than you save. Find out more in this article.
Category: Appraisal Profession
Skepticism Can Lead to Poor Decisions
Can having a skeptical attitude be helpful or harmful to an appraiser? In this article I discuss the answer to this question. I hope you enjoy it!
What’s The Size of Your Driveway?
Have you ever wondered how appraisers calculate the size of a driveway? Do different types of driveways make a difference in value? I talk about it in this article. I hope you find it useful.
Zillow Zinged
Zillow has recently decided to get out of the iBuying business. Why so? And what does that teach us about relying on Zestimates? Find out in this article.
How Remaining Economic Life Works
https://open.spotify.com/episode/7CgZIiZohtDRf0U5UGFoer?si=KPdO6VhqQaKihVJnn7QRtQ If you're reading through an appraisal report, and you make it to the Cost Approach, which is where appraisers report either the reproduction or replacement cost of the home they are appraising, you will see a little field that says, "Remaining Economic Life". What does this number indicate? At first, you might be… Continue reading How Remaining Economic Life Works
What’s The Leaven Causing Home Prices to Rise Today?
What caused home prices to increase rapidly in the years leading up to the Great Recession vs. today? I discuss the differences in this article.
3 Ways Agents Can Help Appraisers to Be More Accurate
In most parts of the country, real estate appraiser's main source of data is the multiple listing service. (MLS) We use it to find homes that are comparable to the ones we are valuing, to determine what buyers are paying for similar homes. We also use the MLS to analyze the market trends and to… Continue reading 3 Ways Agents Can Help Appraisers to Be More Accurate