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Appraisal Articles is an Internet website dedicated to providing free information in the form of artices on appraisal and real property / real estate topics to appraisers and the public.  Authors are invited to contact us and submit related original articles for approval. 

Bidding on Appraisal Assignments

by Administrator on Jul 24, 2015 Business Operation 6 Views

Having bid on hundreds of appraisal assignments over the years I have a few facts and opinions about submitting them that I would like to share. Since I’m sure this process varies all over some of my suggestions may not be useful to all, but if you can get something out of it then I have done my job. There are some simple bids that I have sent to private owners and others by email that have stated terms like this; “I will appraiser the current fee simple interest in your property located at XXX Main Street, Any Town, NV 89000, being a 40,000 SF GBA industrial warehouse and land, for $ X,XXX. The appraisal shall be completed on or before May 1, 2015. The fee shall be paid ½ in advance and the balance upon delivery.” If the potential client wants to proceed I usually send a standard written engagement letter that restates the email terms and adds some more detail.

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The Value of an Appraisal

by Administrator on Jul 24, 2015 General Appraisal 9 Views

Markets improve, sometimes after years of price decreases and long periods of flat, stagnated prices. It's the kind of change that real estate investors and speculators wait patiently for. If you want to make money in real estate you don't buy after prices have hit their all-time high, you buy when prices are low and the market is moving up. When the real property markets begin to change I always get phone calls. "Can you tell me what the value of retail buildings are?" Or "can you tell me how much of an increase there has been in the northwest vacant land submarket?" I understand that there are owners who may be getting phone calls and even offers that they have not received in years. It's great to see the activity, there is nothing worse than flat market that offer no gains year in and year out.

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Appraisers are Skeptics

by Administrator on Jul 20, 2015 Narrative Writing 13 Views

Real estate appraiser are Skeptics because they simply don’t believe most of what they hear. They are often bombarded by biased opinions, sometimes they are even supplied with sales information that favors a certain outcome. As I have stated before, I am open to the review of any information, supplied by biased parties or not. It doesn’t make me less of a skeptic because I accept and review the information. Thus, being a skeptic as an appraiser means that I don’t just take what other people supply without doing my own research. Well supported evidence that I find and confirm is what I base my value opinions on, and it all goes into my work file. I am always amazed when I find that an appraiser has not put into his or her work file the results of their initial research. When I search I put at least the summary information that displays those results. If I’m looking at land sales and the initial results display 100 properties, I download those search results and save them.

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Appraiser Continuing Education

by Administrator on Jul 15, 2015 Appraiser Education 15 Views

It's almost time for me to renew my appraiser's license again, so it's time for me to take 30 more course hours. Since I have been doing this since 1991 when licensing began I have taken about 15 hours X 24 years = 360 hours of continuing education that I estimated have cost me over $ 6,000. That doesn't include my initial appraisal education, my traditional education, conferences or presentations as an instructor.

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Litgation Support Case Record (Additional Qualification)

by Administrator on Jul 13, 2015 ROOT 25 Views

For a long time I used a self-created format for presenting my court experience. The format that I used was very detailed and it included information on the judge, the attorneys, the case number and the specific type of case. It was my belief that attorneys looking at my court history would want that level of detail, but I found some asking for a "standardized" presentation of the data. I asked for direction and attorneys pointed me toward a new, more summarized format. I'm not sure how long this format has been around, maybe it's been used for 20-years and I just came upon it. Either way I wanted to pass the information on to other appraisers who want to summarize their court experience for presentation to attorneys without following my route. If you have information on an alternate format I would appreciate you passing it along to me so that I can share it.

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Why Consider Real Estate Property?

Jun 30, 2012 • 266 Views

Condos Investing - Pros and Cons

Apr 26, 2012 • 330 Views


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