Appraisal Matters

So many people in real estate think there is only one cap rate. Did you know there are at least 3 real cap rates and a bunch of "estimated" cap rates? Let’s count the real ones.

Using the seller’s last year income (like what assessors use) and current year sale price
Using the seller’s proforma [...]

[Read more →]

http://www.msnbc.msn.com/id/23676448/
Where exactly IS the bottom?
Eileen

[Read more →]

Looking at the latest round of resumes, I have to ask how some prospective employees figure their appraisal trainee licensing classes are worth the cost, about a thousand dollars. Remember the book "What Color is Your Parachute"? It should be required reading in the first appraisal trainee class.
What a job search boils down to is [...]

[Read more →]

Although most appraisals are done well, from time to time I’m called on to review a report that misses the mark. I started thinking - what is the one thing that makes getting the value right or wrong? What is the one thing the separates a poor appraisal from a good appraisal?
In a word, [...]

[Read more →]

Every week we get resumes from persons who have completed their trainee license. Sometimes they even call us. Universally, they express a great deal of frustration with the difficulty in getting a job in our industry. The other day, someone asked me why it’s so hard to get a job.
Well, there are lots [...]

[Read more →]