Appraisers 0 Accountants 1
I’m not interested in yesterday. It’s done. The biggest enemy to the valuation industry is protecting the status quo. Our valuation industry is at a crossroads. I mean today. The shift has started. Do we continue to hold on to the past or look forward? Accountants are no longer just number-crunchers. They’re strategic advisors. Appraisers’ […]
Appraisers Succeed or Fail Together
My wife and I plus some friends recently sailed in a 500 mile race on our 36 foot catamaran to Mexico from Florida. This trip isn’t for the faint of heart. Pre-race weather report 25 knot winds gusting to 30 knots, 9 to 11 foot seas two days out on the Mexican side. Light trepidation […]
Canary in the Coal Mine
There’s an opportunity for appraisers with developers and investors to be a canary in the CRE coal mine. The buyer’s due diligence journey could START with an appraisal rather than at the end. No guess work. No wasted time. No wasted money. This can help the valuation industry move from being a “have to have” […]
Regulators camped in your offices
Many Chief Appraisers are dealing with FDIC auditors camped out in their office. The regulators are digging deep, very deep. The demands for meticulous documentation, clear communication trails and absolute compliance with regulatory standards can be overwhelming. Every decision, every valuation and every interaction needs to be tracked and justified. The pressure is immense and […]
Appraisers and Data Integration: The Vital Pipelines
Appraisers undervalue their worth. The bank C-Suite is largely unaware of the market knowledge depth of their own appraisal department. Their approved appraiser vendors are top-notch. Both are integral to the stability of the real estate industry. Like oil pipelines that fuel our industries, appraisers channel the valuable information banks need to make informed financial […]
Don’t Be a Floppy
Where were you when you first used rub on subject arrows in an appraisal? How about using double-sided sticky tape to apply subject photos in hard copy reports? Microfiche. Ugh! These three processes seem insane to an appraiser in 2024. Then why are so many appraisers reluctant to invest in modern technology? Some Chief Appraisers […]
