Wow, can you believe that 2015 is over? For most Portland appraisers, it has been so
busy that we can hardly remember the year.
This is true for A Quality Appraisal as well.
In preparation for this blog post, I went back and skimmed
all 45 of my blog posts for 2015. Like
reading old appraisals, some are not as great as others in retrospect. However, here are the five that I consider to
be my top appraisal blog posts of 2015.
of R Squared in Real Estate Appraisal Linear Regression Now that statistics are becoming a normal
part of real estate appraisal there are some persistent myths. One such misconception is that the R squared
statistic can tell you how accurate the regression model is at predicting an
adjustment. This blog post is a
simplified example of why this logic is incorrect. A statistics instructor called me and asked
if he could use this article in his class.
of Prior Sales in Real Estate Appraisal Sometimes it is easy to think that an older
prior sale of the subject is irrelevant in a current appraisal value. However, prior sales of the subject property
are historical evidence of how the market reacts to features, particularly
useful if the subject is quite unique. This
article shows one way that appraisers can use a dated prior sale to add support
for a current value.
Appraisers Using Different Adjustments Can Reach the Same Value Opinion This blog post shows examples of how
appraisers use qualitative analysis in the appraisal process and how that
process can help lead them to the most reasonable value conclusion, even if the
adjustments differ from other appraisers or are incorrect. This article also demonstrates how
qualitative analysis can provide a less detailed appraisal product that
appraisers sell to clients who do not need a full analysis or who do not require
a preliminary number.
may be no Comparable Sales but there could be Value This blog post is an attempt to dispel the
myth that if there are no comparable sales, then there is no value or that
appraisers cannot estimate a value. The
example used in this post is PV solar, something that appraisers will be
dealing with more and more in the future.
Appraiser Upgrades to Motion R12 Computer I am one of a growing number of appraisers
who uses a Windows tablet in the field rather than an Android or Apple
device. Upgrading my Motion J3500
computer to the Motion R12 this past year was expensive, but also a great
decision to keep current after five years with the J3500. This article explains features on the Motion
R12 that make it a good choice for appraisers in comparison to the more popular
and less expensive Surface Pro (also a great choice for some appraisers).
Did I leave anything out or do you want to join in the conversation? Let me know in the comments below.
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