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 […]

Another 50+ hour week

Appraisal departments are “fighting huge fires internally.” The workload is “killing us right now.” Did you think at this point in your career you’d be working this hard? In a word, exhausted. I get it, working in the appraisal department in your bank, you can work around platforms that don’t align with your internal processes. […]