Per FreddieMac (Scott Reuter, Chief Appraiser)[1] recently stated: “Appraisers need to spend time on developing a market conditions analysis in the appraisal. It’s truly the backbone of the appraisal.” Per the Fannie Mae Selling Guide: “The date of sale and the time adjustment (market conditions) are critical elements in determining an accurate value because the […]
Bias and prejudice are always relevant topics. Recently these have received more attention. In asking the questions we present in the Analogue Blog, we find that three concepts/actions produce the greatest response, to create divisiveness and deepening anger in an argument. The three concepts of ignorant argument: 1) use the word “bias,” badly; 2) state […]
Our blog this week, ‘Can Expert Analysis Save Appraisers?’ is a guest post from a long time friend and colleague, Timothy Andersen, MAI, MSc, CDEI, MNAA, The Appraiser’s Advocate. Analysis of what? Save appraisers from what? Clients want more than our opinions. They expect us to gather data, analyze them, and then interpret them. In […]
Appraiser judgment is required. Analysis is reduction and logic. Analysis comprises reasoning and reducing the problem into well-mannered parts. Logic can be mathematical/absolute, or it may involve uncertainty/probabilistic reality. Reduction is the act of separating a larger problem into manageable parts. Judgment, in (traditional-legacy) appraisal, is emphasized in picking comps (data selection). Appraisers are admonished […]