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Is Appraisal Obsolete (The Process)?

George Dell

Process: Current appraisal practices are controlled by the quirks of each ‘valuation’ industry: appraisal by obsolete assumptions of data difficulty, AVM ‘automated’ models by industrial secrecy, and other non-appraiser products which are under-regulated or over-regulated — depending on original intent.

Appraisal 195
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Is Appraisal Obsolete? Part 3 — Standards

George Dell

Obsolete — Standards?! This is third in a series, as we look at this question from the viewpoints five forces of friction: process, standards, education, client expectation, and regulation. The post Is Appraisal Obsolete? This issue is about valuation standards. We will end with part 7: the mystery solution.

Appraisal 195
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Is Appraisal Obsolete? Part 4: Education

George Dell

This is the fourth in our series on how progress in appraisal is stymied by the five frictions: process, standards, education, client expectation, and regulation. Stale education perpetuates appraisal […]. The post Is Appraisal Obsolete?

Appraisal 195
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ARE COMP PHOTOS A THING OF THE PAST?

The Appraiser Coach

Different types of appraisals call for different needs. As an appraiser, you are the most qualified to make choices regarding an appraisal. With the advent of the hybrid appraisal, it seems that the need for comp photos has become obsolete. How long have you been appraising? Who honestly likes them anyway?

Appraisal 195
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Is Appraisal Obsolete: ? — User Expectations

George Dell

Replaced by licensing, outdated appraisal processes, echoed education, and octopus-like regulation. The post Is Appraisal Obsolete: ? Innovation and leadership in knowledge and education has declined. The profession and its key organizations have long lost their default position. Pride in designations are diminished.

Appraisal 195
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What is External Obsolescence?

Birmingham Appraisal

If you break down the phrase starting with the word external you get this: “coming or derived from a source outside the subject affected” Then, looking at obsolescence you have this: “the process of becoming obsolete or outdated and no longer used.” A Look at External Obsolescence.

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Appraisal modernization: The times they are a-changin’

Clear Capital

Change can be hard to accept in any industry, including the real estate appraisal business. Now’s the time for appraisers to get on board with techniques and innovations that can complement their expertise – and ultimately lighten their load.