by Philip G. Spool, ASA
My previous two articles were about estimating physical depreciation and functional obsolescence. In my article on functional obsolescence, I indicated that it is very complicated to understand and to estimate. I also discussed calculating functional obsolescence in the cost and sales comparison approaches. This article discusses…
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Editor’s Note: This fascinating interaction between an appraiser and builder sheds light on the role of both in a declining market. How Builders Think (in a Down Market) By Thomas J. Inserra, MAI, SRA I had a very interesting conversation with a builder recently on the issue of cost versus value. The Executive Vice President…
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Live and Learn Complaints, Errors, Actions Blue Grass Missteps Larry Disney, Executive Director, Kentucky Real Estate Appraisers Board says that approximately 95 percent of all Kentucky complaints are real property appraisal assignments of one-four unit properties. He says the reasons for complaints vary but the most frequent violations are one of the following. * Not...…
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Calling All Appraisers! Valuing Cell Sites By Sean Heath A homeowner, concerned about a new wireless site going in next to her condominium, stood up to speak at a recent City Council meeting. “I realize that it takes a lot of antennas to make a wireless world work but does it have to go through...…
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