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Quality Adjustments for Appraisers

Appraisal Today

Quality refers to the quality of items, materials, and construction. Just like appraising, if you don’t get trained correctly, it is hard to change later. The appraisal industry mirrors this transformation, with real estate appraisers navigating new territories in their valuation assignments. I don’t play in tournaments.

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What is a residential complex property?

Appraisal Today

Santa’s Toy Workshop. Modern valuation progress requires three things: 1) a clear definition of “what is a comp?” 2) Appraiser training to reflect this simple data analysis rule; and 3) standards and user requirements (such as the GSE’s) that require this basic data science issue to be evaluated in every appraisal.