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|

The Mystery of the Hypothetical Condition

This is Diana with ABC-The Appraiser’s Business Companion.  The Hypothetical Condition has been around for many years as has the Extraordinary Assumption.  Even so, the differences between the two and when to use one or the other is still a mystery to many.   A brief history of those two terms is in order. In the [...]

By | August 29th, 2018|ABC Tips|

I Twisted the Licorice into the Shape of a House-But it was Still Licorice

This is Diana with ABC-The Appraiser's Business Companion.  The question came up as to how multiple apartments attached to a multi-bay garage on the same site as a detached single-family, could be appraised as a house with a guest house or Accessory Dwelling Unit (ADU).  The answer, you can’t, there simply is no way.  The [...]

By | August 21st, 2018|ABC Tips|

Can You Appraise Two Abutting Lots and a House in One Appraisal?

This is Diana with ABC-The Appraiser’s Business Companion.  In Urban, Suburban and especially Rural markets it is not uncommon for property owners to buy two abutting lots and to build a residence either on both lots or to build on one and leave the other as vacant.   The question is, how to appraise what appears [...]

By | August 8th, 2018|ABC Tips|

Does the Market Identify Differences in Effective Age?

This is Diana with ABC-The Appraiser’s Business Companion.  An appraiser that goes through the analysis of comparable sales will often find sales that have had different types of renovation or different times of renovation during the actual age.   Identifying the condition and then extracting adjustments for condition can be difficult.   When given the choice to [...]

By | July 20th, 2018|ABC Tips|

The Ripple Effect!

This is Diana with ABC-The Appraiser’s Business Companion.  Have you ever watched how water ripples when a rock is tossed into water?  I was reminded today about the “ripple effect” and instantly associated it with the practice of appraisal.  I’m going to give ABC a plug, they are what I would call “rock skippers” in [...]

By | July 11th, 2018|ABC Tips|

Increasing Your Risk for a Complaint with the State Enforcement Division-In Three Easy Steps

This is Diana with ABC-The Appraiser’s Business Companion.  I spent over an hour today listening to someone complain about appraisers which was a balance to the hour plus one-sided conversation I had yesterday with an appraiser about Appraisal Management Companies (AMCs).  I did this in between filling out yet a third form due to a [...]

By | July 4th, 2018|ABC Tips|

A Method to Perform a Location Analysis

This is Diana with ABC-The Appraiser’s Business Companion.  A question came up from an appraiser who asked, “how do you know if a lot has situs”?  For sure it’s a comparison conclusion that is part of a site analysis.  It also plays a role in highest and best use.  The ability to identify situs also [...]

By | June 27th, 2018|ABC Tips|