Appraisers: The Underappreciated Guardians of Real Estate Equity
Success is about being consistently good, not occasionally great. Based on that definition, appraisers have succeeded. Problem is, the “public” doesn’t really understand the consistent effort that goes into solid valuation. It’s A LOT of work. Appraiser work hard to not make mistakes. Always doing the right thing. Quietly going about our business, protecting collateral. […]
Unlock your appraiser focus
The appraisal process has historically been one of the slowest parts of getting a loan. A transformative mindset requires a status quo change. It requires a new focus. Many commercial appraisers are stuck in word-processing-land, the manual copy/paste, rather than focusing on the valuation. Bank appraisers are distracted with juggling so many different tasks, bogged […]
Now’s the time to take the time
Since appraisal volume has grinded to a halt, it’s a great time to take the time to improve how you order, create or review appraisals. Appraisers, we’re a funny bunch. When we’re busy, we secretly love it. When things have slowed, like today, we get nervous. Instead of getting anxious, we should double down on […]
Reliable Appraisals and Risk Management: Elevating the Valuation Industry
I have a confession. I was at an amazing seminar and didn’t have time to write my normal blog. The following blog is 100% written (no edits) by ChatGPT. We’ll dive into ChatGPT and its impact on the valuation space at our March 7th FIVA meeting in Tampa. OpenAI Speaks The appraisal industry is a […]
Let’s talk
As valuation professionals, we may be missing something substantial. The gap between what we know and what we think we know may be widening. Our valuation “rules of thumb” may be becoming “old” and less meaningful. The availability and speed of data to make real estate decisions has changed the game. The market is people, […]
Who needs my best work today
The significant slowdown in appraisal volume has many fee and bank appraisers worried about keeping their jobs and their staff busy. Worrying about it isn’t productive. So what’s the secret to address the drop in work? It’s one simple sentence. Ask yourself, “Who needs my best work today?” Asking this question facilitates an abundance mindset […]
