34 Secrets for a Successful Appraisal Practice By Thomas G. McDowell Here are a few things I have learned over the years. I shared them with my trainees when I was in private practice. 1. You have earned the right to join a group of professionals unique in industry with a long and distinct history....…
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Indoor Air Quality Solutions: Doing Good by Doing Good By Dan Molleker What will you be doing in the next 10 years? Have you thought about the business you are in today? Can you be sure that what you worked so hard to build is going to be around to support you and your family?…
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Fraud, AVMs and Fannie’s New Forms Report from Valuation 2003 While you were busy appraising, Valuation 2003 took place in Orlando, Fla. with many of the industry’s movers and shakers exhibiting, speaking and networking. Working RE Magazine was there too. Mark Simpson, Director of Property Valuation Standards & Practices, Single-Family Credit Administration, for Fannie Mae...…
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Enhanced Appraisers Data/Seamless Delivery The Future is Now Flash Gordon, move over. Reality (and technology) have finally caught up with the visionary dreams of many appraisers: a high octane blend of public records and enhanced appraisers data that can be sorted, downloaded and integrated seamlessly into appraisal forms with just a few mouse clicks. The...…
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Truth about Coming In Low By Larry Cole In my market, if an appraiser comes in below the contract price he/she has 10 times the work to defend the low value. When this happens, the appraiser is assaulted by the lender, agents and the seller. (Seldom do I hear from the buyer.) If I’m low...…
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Editor’s Note: With the spate of hurricanes, floods and fires, disaster work is on the minds of many. Here is a first person account by one appraiser who spearheaded the valuation of an entire town that was swept away in a flood. Appraising Disasters: When the Levee Breaks By David Phillips, SRA Before August of...…
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Editor’s Note: One in an occasional series of shared stories designed to bring a fractured and diverse appraisal community together in the pages of Working RE Magazine. Appraiser Slice of Life: Full Fees, No Bull John Hoffert and Bruce McMahon have several things in common besides their love of appraising. They don’t slash fees to...…
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Why You Should Care about Appraiser Qualifications Significant Changes Proposed By George Hatch The proposed revisions to the Real Property Appraiser Qualification Criteria include significant increases in minimum education requirements and appraiser trainee supervision requirements. Some of these revisions will have long-term implications on appraisal businesses if enacted. For this reason, even established appraisers should...…
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Many appraisers are spending their time worrying about how and when AVMs will replace their services but few actually understand how AVMs are being used today. I hope this article will debunk some commonly held beliefs and shed light on how AVMs are being used today. It will also take you inside the review…
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Three quarters of the way through the year, some appraisers are still unsure about how to deal with the change in reporting requirements that took effect January 1, 2003 (USPAP 2003). Some appraisers are going back three years on the subject and on the comparables; some on the subject only. What’s required? What’s prudent?
In…
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