A common issue in residential appraising is construction which has not been issued an appropriate building permit by the jurisdictional authority. Here’s how to handle this sometimes difficult situation.
Examples of this issue include: additions and detached guesthouses; and garages that have been modified for use as a living area. One needs only to peruse online…
Read More
In this period of economic and social change, clients are looking for professional appraisers to answer questions that until now have not been asked. Price and timing are the hot-button issues. While many appraisers are raging against the downward pressure on fees and the increased pressure for faster turn times, I have instead begun…
Read More
Sincerity vs. Competency By Diana Jacobs Question: “Can you believe in your heart that you did the right thing and still be wrong?” The answer is yes. Why? Because USPAP instructs us that “ethics” are about intent while “competency” is about judgment and execution. When developing a “scope of work” decision, professional appraisers are not...…
Read More
My first commandment for appraisers is: Know the truth and let the truth set you free. In this context, it means that you are in control of both the appraisal development and reporting. Therefore, let no person coerce, threaten or influence your objectivity, impartiality, or independence.
After that, and based on my 10 years’ experience as…
Read More
Editor’s Note: Appraiser Phil Spool shows how an effective engagement letter puts you in control of an assignment. Doing it Right: Engagement Letters by Phil Spool, ASA Now that many of you are searching for new non-lender clients in the aftermath of the mortgage crisis and HVCC (Home Valuation Code of Conduct), it is advisable…
Read More
