ABC Tips

Does USPAP Require the Format of Revisions?

This is Diana with ABC-The Appraiser’s Business Companion, with an observation.  Clients have seemingly determined they can ask anything at all and the appraiser must drop everything so they can fulfill their request.  Can they do that?  Does the appraiser have to stop what they’re doing and immediately meet those demands?  I think the best [...]

By | May 24th, 2018|ABC Tips|

Keeping Development Separate from Reporting

This is Diana with ABC-The Appraiser’s Business Companion.  Even though we have two separate standards under the Uniform Standards of Professional Appraisal Practice (USPAP), often our verbiage within the Appraisal Report reveals we don’t realize the separateness. I was reading an appraisal report that stated the opinion of value was communicated in the “Retrospective Appraisal [...]

By | May 17th, 2018|ABC Tips|

Relying on Other Experts – Where Does the Appraiser’s Liability End?

This is Diana with ABC-The Appraiser’s Business Companion.  Often appraisers find themselves with reports from other experts.  A property inspection, a roof inspection, a plumbing inspection, a foundation report or an electrical inspection.  Sometimes the appraiser is given a copy of a bill paid for work that was done.  Even though these reports are given [...]

By | May 8th, 2018|ABC Tips|

What Happens When You’re Willing to Dig a Little Deeper – Extent of Research

This is Diana with ABC – The Appraiser’s Business Companion.  An interesting question came my way this past week from a local appraiser here in Lafayette, LA.  “Can you help me wrestle this problem?  I went to the property and found cracks and prior patch work.  I went inside and found carpet pulled from the [...]

By | May 2nd, 2018|ABC Tips|

Out of Date Language in an Appraisal Report – What Does It Say About You?

This is Diana with ABC – The Appraiser’s Business Companion.  I was reading an Appraisal Report yesterday.  There was a section labeled “The Cost Approach”.  You can imagine what I expected to read.  Imagine my reaction when it read, “This appraisal has been prepared in accordance with Standard Rule 2-2(b) of the Uniform Standards Appraisal [...]

By | April 25th, 2018|ABC Tips|

No Two Grains of Sand are Alike-Does This Mean All Things Cannot Be Equal?

This is Diana with ABC-The Appraiser’s Business Companion.  Were you aware that no two grains of sand are alike?  If no two grains of sand are alike then it stands to reason no two properties can be exactly alike.  Like snowflakes, each grain of sand and each parcel of land will be different.  Accepting this [...]

By | April 17th, 2018|ABC Tips|

What is a SID and Why Does the Appraiser Need to Know This?

This is Diana with ABC-The Appraiser’s Business Companion.  An interesting question came by my way this week.  An Appraiser asked, “What is my responsibility for identifying whether or not an improvement is located in a Special Improvement District (SID).”  Often when questions like this are posed the audience’s first reaction is, “where are you from”, [...]

By | April 11th, 2018|ABC Tips|

Facts Gathered versus Opinions Concluded – Are You Taking a Short-Cut?

This is Diana with a Tip of the Week from ABC-The Appraiser’s Business Companion.  In the appraisal process there are certain sequential steps that we must take and we can’t get them out of order for a reason.  Consider the value conclusion.  Is it possible to conclude a value if you don’t know where the [...]

By | April 7th, 2018|ABC Tips|

It’s Spring, it’s almost Easter. What does that mean to you and your Appraisal Practice?

This is Diana with ABC – The Appraiser’s Business Companion.  First things first, for all of you this is a time of year where in some parts of the country there is an active vegetation; stock up on your allergy meds, tissues and cough drops.  I think about all of the country that has undergone [...]

By | March 28th, 2018|ABC Tips|

When the Improvements Don’t Contribute – Communicating the Reasoning

This is Diana with ABC-The Appraiser’s Business Companion.  Here’s an assignment we can all relate to.  The appraiser gets called to perform an appraisal on an estate.  It’s an 87-year-old dwelling on waterfront property that contains about 2 acres.  The house has rotting Asbestos siding, sagging roof line, wiring not covered to electrical panel that [...]

By | March 21st, 2018|ABC Tips|