He stood before the three men and one woman with a bead of sweat creeping down his left temple. It was not that their presence was particularly ominous in appearance. After all, they were seated on metal folding chairs behind a plastic banquet table. No, his trepidation was more about what they represented and even more so, about what their decision could do to him and his career.
It’s just one of those facts of life that things change. It’s definitely no different for appraisers; we have to get used to the idea of alternative approaches to valuations. Recently, our very own Chief Appraiser, Jared Preisler, SRA, spoke about hybrid appraisals at the National Association of Appraisers conference in Nashville. If you missed it, check out this presentation.
It seems like most days are the same: I wake up and get into the routine I’ve been honing over my life. Every once in a while, I find something that makes me think differently and gives me the kick in the pants I need to break out of my shell. And most of the time it’s thoughtful people who’ve written thought-provoking articles.
There’s no question that birds of a feather flock together. These are some of the qualities residential appraisers have that make them suited to the job of appraising.
Appraisal data is becoming a bigger and bigger part of our lives. In 2017 alone we will create more data than in the previous history of the world. With that much data, it’s more important than ever for us to know how to understand and use data, especially for appraisers.
I have had some discussion lately with valuation industry participants regarding the importance of the appraiser obtaining accurate property data as well as understanding its source for comparable properties considered in an appraisal. These discussions are the result, in part, of the addition of Advisory Opinion #37 (AO-37) to the Uniform Standards of Professional Appraisal Practice (USPAP) coming in January 2018.
