Appraisal Buzz

OCTOBER 10, 2022

The mission of the valuation professional has always been as objectively as possible to evaluate a property and analyze data to provide credible results that users could rely on to solve problems relating to their specific needs. For all the value of technology, we would be wise to avoid mistaking these tools for the solution.

Valuation 74

Valuation Tools Development Technology 74

Property Metrics

MAY 28, 2021

Functional Obsolescence is the impairment of a real property’s functional capacity due to changes in market tastes and/or standards. In other words, a property could become functionally obsolete when its design, style, amenities, or technology no longer meet the needs and/or expectations of modern tenants.

Real Estate 50

Real Estate Tenants Modernization Renovations 50

Appraisal Today

NOVEMBER 20, 2022

In this category, you find the properties that represent the whimsical side of the design and prove there is no idea too out there when it comes to constructing a building. Failure to analyze the sales history of the subject property. Failure to disclose significant real property appraisal assistance.

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Appraisal Today

SEPTEMBER 9, 2022

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. The importance of this cannot be overstated. The appraiser must now reconcile these three values into one final opinion of value.

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52