ABC Tips

Can an Appraiser Perform Consulting Assignments on Real Property Matters?

This is Diana with ABC-The Appraiser’s Business Companion.  I recently heard an appraiser make a comment, “Since they removed Standard 4 and 5 which used to be Appraisal Consulting Assignments (now they are split into Appraisal Review Reporting and Mass Appraisal Development), the appraiser can’t do Consulting work, it’s a violation of USPAP.”  Wow, how [...]

By | December 4th, 2018|ABC Tips|

I Am Thankful

This is Diana with ABC-The Appraiser’s Business Companion.  I know this week is a short week for many of you as you gather with your family on this most very American Holiday.  I was thinking about all of you in your fields across the country.  I often picture you at your desks in front of [...]

By | November 19th, 2018|ABC Tips|

Is a Builder Purchase a Comparable Sale?

This is Diana with ABC-The Appraiser’s Business Companion.  I was asked the question, “Tell me why I can’t use a Builder purchase as a comparable.”  Of course, I had to ask a couple of more questions, the first was, “Can you first tell me the whole story?  What is it that you’re appraising and why [...]

By | November 15th, 2018|ABC Tips|

When Market Trends Change-What Gets Impacted Land or Improvements?

This is Diana with ABC-The Appraiser’s Business Companion.  I’ve read recently that reliable land to property value ratios for neighborhoods to current median price in the neighborhood can provide a test of reasonableness for site value unless market values are changing.  Its been said that liability increases and assignment results mislead when land value ratios [...]

By | November 7th, 2018|ABC Tips|

How Long Does It Take to Read the Instructions?

This is Diana with ABC-The Appraiser’s Business Companion.  I was assisting an appraiser whose workfile included the print out from the AMC.  I know you know I know what they’re all about.  I was reminded about how many pages are contained in their directives, how it affects the appraiser’s Scope of Work.  In this particular [...]

By | November 1st, 2018|ABC Tips|

Qualified and Competent in an Appraisal Assignment– Do they mean the same?

This is Diana with ABC-The Appraiser’s Business Companion.  This morning I attended through “live-streaming”, the meeting of the Appraisal Standards Board where the Second Exposure Draft was discussed.  Prior to their comments on the Second Exposure and their decisions after considering the comments, Mr. John Brenan spoke on behalf of the AQB bringing a status [...]

By | October 24th, 2018|ABC Tips|

When Interest Rates Rise-Does Value Go Down?

This is Diana with ABC-The Appraiser’s Business Companion.  In the recent couple of weeks there was a rise in the interest rate and its reported that it will be rising again before the end of the year.  Freddie Mac reported as of October 11, 2018 “In this week’s survey the 30-year fix-rate mortgage jumped 19 [...]

By | October 19th, 2018|ABC Tips|

Is the Shed Real Property?

This is Diana with ABC-The Appraiser’s Business Companion.  There was an interesting question that arose over the past few weeks.  The single-family improved parcel also had a Metal Shipping Container that was being used as a Storage Unit on site.  The appraiser treated it as Real Property because it weighed approximately 8,500 pounds.  To quote [...]

By | October 12th, 2018|ABC Tips|

Be Irreplaceable!

This is Diana with ABC-The Appraiser’s Business Companion.  In this world of scrutiny where mortgage lending appraisal assignments have become a “fear based” position for performing our valuation services, we often feel we’re being replaced.  Who decides that we’re being replaced?  That question, has become of recent, a strong inner voice that has been reaching [...]

By | October 4th, 2018|ABC Tips|

In a Residential Assignment-Why is the “Present Land Use” such a Big Deal?

This is Diana with ABC-The Appraiser’s Business Companion.  Many times, there are residential Appraisal Reports that quickly report the percentages of Land Use but fail to connect the land use with other steps in the Appraisal Process. Consider the form most use and the role present land use plays in the reporting of the Appraisal [...]

By | September 5th, 2018|ABC Tips|