ABC Tips

You say “Goodbye” and I say, “Hello, Hello, Hello”

This is Diana, with ABC-The Appraiser’s Business Companion.  Knowing this was the last “Tip of the Week”, I spent a lot of time thinking about just what I could leave you.  Songs came racing into my head such as the title states from the Beatles hit song, “Hello Goodbye”.  Another lyric that came to mind [...]

By | December 28th, 2018|ABC Tips|

Christmas Week and New Year’s Eve-What’s an Appraiser to Do?

This is Diana with ABC-The Appraiser’s Business Companion with a wish and a tip.  This is what residential appraisers typically find is the “slow-season”.    Very few if any closings will happen today, many homeowners will have already figured out how to get to the end of the year without Refinancing.  Some appraisers, like myself, will [...]

By | December 26th, 2018|ABC Tips|

The Property Owner’s Don’t Need a Sales Approach-They Just Want to Know the Value

This is Diana with ABC – The Appraiser’s Business Companion.  Recently I was called on to assist an appraiser who began with, “I need help in finding a form to report an appraisal where no approaches to value are developed.”  Hmm, what an interesting question.  Why would you form an opinion of value without developing [...]

By | December 21st, 2018|ABC Tips|

Extraction???? How Can that Be Done without First Knowing Depreciation?

This is Diana with ABC-The Appraiser’s Business Companion.  Recently I’ve been in the process of rewriting some old favorites, and the subject of land value of course always challenges us when the assignment involves existing houses or new construction in older markets.  The review of the methodologies includes extraction.  For many years I wrestled with [...]

By | December 14th, 2018|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|