This is my last comment (probably not) on the Guessing Game AKA the “art of appraising”. Remember the first post on this series “Declining Market” well this from a recent guess by another “ACE” on one of my deals. And I quote; “the subjects sub market has been analyzed by trending indicators over the past …
By now you have pretty much guessed that I’m not very fond of appraisers nor their methods; it’s not exact, it is an “art”, they work for the Lenders and to them they hold true. True story;When I was taking my Real Estate licensing course, I was told that appraising was one of the 7 …
Up to now in our continuing series “the mysteries of appraising” we have discussed the following:Declining Market (more on this topic Wednesday). Cost as built “Hey you can’t build that for what you sale comped it at” And today we take a look at “Where did MY square footage go to?”This one left me scratching …
Ok, today we will tackle another favorite of mine in the continuing series “the price is right” AKA “the mystery of appraising”. This I know; Appraisals have three valuations (or wild guesses) they are: Sales Comparable ApproachCost ApproachIncome approach Yesterday we discussed Sales Comp approach and the declining market or there of….. No one really …
And no weatherperson gets hysterical….did it really happen. Today we had a nice little Blow to the tune of 50mile an hour gust and not a peep. No, “holy shit we are all going to die moments”No, “stock up on water/batteries/tuna fish“ No Nada….. Gosh how I miss Hurricane season!
Let’s discuss my favorite mystery in the Real Estate gig……..you guess it “kitty cats”!So we have four stories to tell….hmm which one first? The missing square footage?The Declining market?The “you can’t build it for that price?” Or the EXPIRED license!!!! A series, we’ll start with my favorite “the declining market” As I have mentioned several …