There’s some evidence that appraisal as a marketable service is finished. Several things point in this direction. First, we must clarify what is an appraisal for purposes of this blog. It’s an opinion of value. An appraisal is a valuation service provided by an appraiser in an appraisal practice, representing that he/she complies with USPAP […]
Yes. Appraisal as we know it is dying. Can it be saved? No. So what should I do? What should “we” do? To answer these questions, we need to look at causes and conditions. Some of these are obvious. Judgment is good; Analysis is better. Human generalization is excellent; Computation is fast. Good comps are […]
Can I Reproduce? Please? Why won’t they teach me how to reproduce? We hear of a “reproducibility crisis.” What is it? Who cares? How does it affect me? And finally – Do we reproduce properly in the appraisal process? Depending on the author, the scientific method can be broken down into four parts, or five […]