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|

Why Am I Being Asked to Reconcile the Pending Contract to the Value?

This is Diana with ABC-The Appraiser’s Business Companion.  More and more appraisers are getting judged on their minimal to none reporting of the contract analysis.  More specifically the criticism has been geared toward the lack of reconciliation of the contract to the final value.  WHAT??????  We don’t reconcile our value to the contract; where is [...]

By | June 20th, 2018|ABC Tips|

Three Sites All Contiguous-Hmmm… What Can I Do?

This is Diana with ABC – The Appraiser’s Business Companion.  An interesting question passed my way.  The appraiser was asked to appraise three contiguous lots that were zoned commercial and residential apartment.  The borrower wanted to put up a parking lot.  The appraiser, held a residential certification and asked if they could consider this a [...]

By | June 13th, 2018|ABC Tips|

Adjusting Effective Age for Deferred Maintenance

This is Diana with ABC-The Appraiser’s Business Companion.  Who hasn’t had the experience of driving to the next assignment, looking at the surrounding properties and noticing they all appear well maintained.  All of course except for the one you seem to spot at the far corner?  Slowly you drive looking at the addresses in search [...]

By | May 28th, 2018|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|