Features

What’s Your Number?

The pioneers in our business—developers and early practitioners of the dark-art/science of valuation theory—intended for our discipline to be recognized as one of the professions, like law or accounting. Frederick Babcock, who is considered the pioneer of appraisal theory, wrote this in his book, The Appraisal of Real Estate, published in 1924: The appraising of real estate is a business …

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Valuation Expo 2015 April Foolery Contest

Last year we held an April Foolery Contest for our Appraisal Buzz subscribers to have a little fun and enter for a chance to win a free pass to Valuation Expo. We got such a great response we knew we had to do it again. There has been a lot of changes in the industry this year making it ripe …

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A Customary and Reasonable Dress

Not since the Clinton era has one dress caused so much controversy. I know many of you are tired of the social-media hype centered around the color of the dress, but I actually find it fascinating. The dress is ‘obviously’ white and gold, but I am awestruck that others can look at the same picture and see black and blue. …

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How Will Collateral Underwriter Change Appraiser Regulation?

Whether you believe Fannie Mae’s comprehensive rollout of Collateral Underwriter will finally weed out the lazy form-fillers or it will end up euthanizing the aging residential leg of the profession once and for all, is not the subject of this article. There are plenty of blogs, articles, and seminars that are wrestling with the efficacy of CU and its long-term …

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“P”s in a Pod

I am with Suzy Orman on this… people come first. In our world we have a lot of Ps–People, Policy, Practice and Product. I think we just need to realign our priorities. As an industry we have invested millions in automated scoring systems of the appraisal report. I personally do not believe a bot can score an appraisal report very well. …

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Three Common Appraisal Errors that Could Affect your Tax Assessment

Do you think you’re paying too much in property taxes on your home? If so then keep reading, because I want to share with you some of the most common errors I’ve found in my appraisal work that can result in your property taxes being higher than they should be. There’s a set process for appealing your property taxes depending on …

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What do appraisers look for during an FHA inspection?

What do appraisers look for when doing an FHA appraisal? These days it’s important to be in tune with FHA appraisal standards so your home can be FHA-ready or so you can know what to expect if accepting an FHA offer. Let’s talk through some of the most common FHA issues below. You can also download an FHA checklist to …

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