Who’s on your crew
Bank and fee appraisers are siloed. There’s little time to collaborate with new productive ideas including leveraging technology for your firm or appraisal department. The result? Working a lot. No vacations. No bueno. Did you ever think you’d be working this hard in your career? Race day My wife and I recently completed a sailing […]
Where are we going
The valuation industry has reached a fork in the road. The appraiser shortage is happening right now. Those remaining in the field are struggling with the current workload, fee and bank appraisers alike. It’s not getting easier. No longer can we afford to stay in chronic busy mode. It’s time to help our industry succeed. […]
Appraiser’s superpower
Commercial appraiser’s superpower is asking questions. The questions provide master-level due diligence for buyers and investors of real estate and help banks understand collateral risk. Let’s take one typical sentence from a commercial appraisal. Then let’s ask questions. To save space, the questions are presented in one long paragraph with incorrect punctuation Jack Kerouac-style. I […]
Up to the next level
When’s the last time you’ve done something for the first time? In your valuation career, what year are you operating? Repeating ideas and processes from years ago? Time for next level? So much stuff This week, we moved our offices after 25+ years. After hiring a moving company with four guys for two days; I […]
Appraiser trust
Appraisers don’t provide appraisals, they provide trust. Fee appraiser or bank appraiser, it’s all you got. Trust is created through leadership resulting in employees loving their career. Make appraising fun. Provide confidence USPAP is voluminous. Don Quixote long. Why’s that? Commercial appraisals are often 100+ pages just to report one number. I was talking […]
Put a ring on it
Have you ever noticed we call our contracts “engagement” letters? Regardless, it’s the start of a contractual relationship between fee and bank appraisers. What’s something that may strain the relationship? Reviews. Has this ever happened to you? To be clear, most reviews are performed well. However, the appraiser-bank relationship can be lost over one review […]
