Frank Baker

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So far abcadmin has created 104 blog entries.

Understanding the Impact of a Flood Designation

Changes in Flood Designations can impact the utility of a site, which can also impact the Highest and Best Use.  In some instances, FEMA, after a disaster, will place increased restrictions on a site.  When those types of changes occur, the appraiser may be engaged to offer their opinion of impact on the [...]

By | October 17th, 2017|ABC Tips|

National Disasters – The Lack of Data and Needs of the Public for Appraisal Services

We’ve touched on many issues over the past month relating to appraising after a disaster: Protecting yourselves at the time of the inspection, Recognizing the needs of the client which may be misunderstood (1004D versus a Catastrophic Disaster Inspection Report) Different forms for different assignments Sample questions being asked of appraisers Sources to [...]

By | October 6th, 2017|ABC Tips|

National Disasters – The Needs for the Public for the Appraiser

With very little guidance from the secondary markets and less yet from the state appraisal boards, the disasters of recent leave appraisers both suffering from anxiety (and in some cases depression) in the aftermath.  One of the more recent request went like this, “Good Afternoon, I live in Kingwood, Tx, which is an [...]

By | October 3rd, 2017|ABC Tips|

National Disasters and the Role of the Appraiser – Part 3 – Alternative Products for Valuation Services

Already, after Hurricane Harvey and fires out west in Oregon and California, the calls are coming in from lenders for appraisers to assist in making determinations about their assets.  Secondary Markets who purchased closed transactions in recent weeks are now scurrying to find out how the asset is doing.  What can the appraiser [...]

By | September 19th, 2017|ABC Tips|

National Disasters and The Role of the Appraiser – Part 2

  Hi, this is Diana with ABC – The Appraiser’s Business Companion.  Adding the “curve ball” that national disasters bring to the appraiser requires that we keep our eye on the ball.    Keep in mind, homeowners with insurance policies that include disaster riders will have insurance adjusters that will be making house calls to evaluate [...]

By | September 12th, 2017|ABC Tips|

National Disasters and the Role of the Appraiser

This is Diana Jacob with ABC-The Appraiser’s Business Companion.  I’m switching gears.  We’ll get back to the neighborhood and the role of the analysis in the appraisal process in future weeks to come.  Our country just experienced another Hurricane, his name was Harvey.  Now we’re approaching another with Irma brewing, already a category [...]

By | September 7th, 2017|ABC Tips|

The PEGS of Appraisal-Causes that Affect Value

Harvey is at the top of my thoughts today.  When you think about the influences that affect value, Physical, Economic, Governmental and Social, Hurricane Harvey brings it all. Texas took the hit in such a way that generations to come will speak about the devastation.  Pictures on every channel of televison and news [...]

By | August 30th, 2017|ABC Tips|

The Neighborhood – Part 14

We’ve spent a lot of time going through the neighborhood.  The question sometimes arises “why”?  Most appraisers think marginally about the impact when it comes the neighborhood analysis and the appraisal process.  Its because the real push is to find the sales that are comparable.  We want to hurry up and get to [...]

By | August 22nd, 2017|ABC Tips|

The Neighborhood – Part 13

  Market Conditions is a blank field intended to host commentary including as it says, “support for the above conclusions”.   The area is designed to offer the appraiser opportunity to elaborate, to the extent the appraiser believes it’s necessary for understanding how the conclusions for the neighborhood were derived. Additional guidance from Secondary Lending expands [...]

By | August 15th, 2017|ABC Tips|

The Neighborhood – Part 12

What is a Neighborhood Description and why is the appraiser being asked to offer additional narrative comments?  When I first began my appraisal practice there was a very knowledable man named David Miester who taught me the basics of communicating the analyses conclusions.  It was early on before certification when I was learning [...]

By | August 8th, 2017|ABC Tips|