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In talking with Tim Andersen, a USPAP instructor and long-experienced appraiser, I was reminded that, even in the time of C-19, USPAP applies, and appraisals must still be credible. Reports must still not mislead. USPAP has never required the appraiser to inspect the property. That is a lender co...
What are we supposed to do about inspections during Covid-19? There is all sorts of conflicting data about inspections, for example, but there is no requirement for the GSEs coordinate with each other on when to inspect and when not to inspect (so they don’t). But before we get into any details, I...
As I talk with other appraisers and read online forums, I am often saddened by what I hear and see. Many appraisers appear to be unhappy with their profession, and this perspective has to affect their personal lives as well. Whether you fell into appraising or actively pursued the profession, you ar...
After reading a comment awhile back by someone who was wanting to know what things somebody would need in order to become an appraiser, I decided to put together a list. Now, this list does not include everything that an appraiser might want or even should have if they want to be really successful, ...
By nature, I am an optimist. I can’t help it. Try as I might, I cannot seem to be a “glass-half-empty” kind of guy. Even in times of challenge and unknowns, I tend to look at the bright side. Some might believe that is akin to putting your head in the sand, but being an optimist does not mean you ...
We work in a cyclical business. I do not care how busy you are today, how buried you feel in work, you will have a downturn. It is the nature of the appraisal business to be up for weeks and months, but also have some lulls. So, what do you do when things slow down?
In my office, we have our reg...
