Features

Why Stats? Why Graphs? Why Data? Why Science?

Why Stats, Why Graphs, Why Data, Why Science? (Part VI of VI) How is this stuff different from the established classical, traditional appraisal “process”?  Is this technology or a new theory? Are data, and science somehow better?  Or is it just mumbo-jumbo to look impressive?  Is there something wrong with traditional appraisal theory?  The traditional emphasis on three approaches continues …

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Getting to the Bottom of Bitcoin

Bitcoin is defined as an open source of peer to peer digital cryptocurrency. It is distributed through public databases throughout a Blockchain. Today, it is the most popular digital currency but since there is no real supervision over the cryptocurrency, does it really have any value? And how is this affecting the finance world? William Black, Associate Professor of Economics …

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The History of Appraisals

Many say “history always repeats itself” and in the case of appraisals, it may be for the best. We sat down with Edward Pinto, the Co-Director of AEI’s Center on Housing Markets and Finance as he shares with us his discoveries from the original FHA forms. Dating back to the 1900’s Ed found the tools needed to bring the appraisal process …

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5 Business Networking Tips Every Appraiser Should Know

Business networking is a key component in expanding your professional growth. Learning through like-minded peers, understanding other concepts and of course, reaching new clients are all positive results one can attain from business networking. The real estate appraisal industry consists of many independent business owners who may not have a support system. Interacting with other appraisers is helpful in problematic situations …

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Peak prices & “bubble” conversations

This article was first published in the  Sacramento Appraisal Blog. We’re about to have more real estate “bubble” conversations. Why? Because prices are very close to where they were at the previous peak of the market. Here’s a few things that come to mind when these conversations come up. Then for those interested I have a big monthly market update. …

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Demystifying Depreciation

Depreciation of real estate is often a confusing and misunderstood process. Calculating the depreciation factor(s) of an improved piece of real estate is a key component of a value estimate. It begins by estimating the replacement or reproduction cost of a structure or component. If the building is new there may be no physical depreciation; however, after several years of …

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Team Appraising, Increasing Productivity

About 2.6 million years ago, early man developed stone tools for hammering and cutting. Fast forward to the modern age and man has developed hammers to be more efficient and productive. However, the method remains fundamentally the same because there is still one human wielding that hammer. Contrast that to when humans start to work cooperatively. The division of labor …

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Frank or Bob: who do you want to be?

The average appraiser is now in their mid-50s. As a result, many of us remember the era when we could change the oil, air filters or spark plugs on our own cars. For bigger jobs, we’d take our cars to a service shop, which in my memory were often staffed by greasy-handed, cigar-smoking mechanics wearing old, crusty overalls. For the …

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