When does an appraiser need to possess geographic competency?
While driving around performing appraisals, I see many runners. Some runners look like they have no real technique. Others appear to have a regimented technique to their running style. The truth is, the goal of both is simply to move from point A to point B. Right? One just appears more professional. While in running, just… Continue reading What Makes an Appraisal Supportable?
When I was 20 years old, I received some specialized training on how to study fingerprints. The class started with about 20 people and by the end, only four of us graduated. Myself and two others were hired by the Denver Police Department as fingerprint examiners. Why such a low graduation rate? It's not rocket… Continue reading Valuations, Identification & Human Perception
Often, when appraising homes, I see MLS listings that call a shed an out building. Ask any appraiser and they will likely say that a shed is not an outbuilding. So, are sheds outbuildings? Sometimes it's good to just get the definition from the dictionary and then go from there. According to Merriam Webster's dictionary,… Continue reading Are Sheds Outbuildings?
The great thing about land is that no matter what may happen to the structures on it, the land is always there. A structure can be torn down and a new one built. With home ownership, we usually take this for granted. However, there are locations in which this may not always be the case!… Continue reading Shrinking Lots and Eroding Values