Well, of course – appraisal is not based on our subjective beliefs. It is based on support! Support your opinions and conclusions! Support your results “by relevant evidence and logic.” Form your opinion, then support it . . . These words have always bothered me. A scientist does not form an opinion, then figure out […]
No it’s not. Just do what you’re told. Do what you were taught. Follow the Rules. No thinking required. What are the “rules” of appraisal? Easy: Get your intended user’s expectations (scope of Work). Pick your comps. Apply one or more “approaches”. Provide your opinion (then explain, justify and support that opinion). How will you […]
We’re pleased to have my friend and long-time student assistant, Joseph Lynch from Sacramento, CA, write this week’s blog. He’s certified in residential appraisal, working in Northern California, and is President of the Sacramento Chapter of the Real Estate Appraisers Association. Check out Joe’s blog here. Thank you, George, for inviting me to pinch hit this […]
Think up an adjustment amount, and then support that amount. Interesting, the ‘support’ language we use for our work. Form an opinion, and then support it. Isn’t that backwards? Shouldn’t it be “calculate an estimate”, and then form an opinion? Develop an opinion. A dictionary defines develop: “elaborate or expand in detail,” as in “to […]