Portland Area Real Estate Appraisal Discussion

Portland Appraiser Blog Best of 2015
January 1st, 2016 2:35 PM

Portland Appraiser Best Blogs of 2015
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.

1.     Significance 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.

2.     Value 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.

3.     Why 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.

4.     There 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.

5.     Portland 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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Thanks for reading,

Gary F. Kristensen, SRA, IFA, AGA

You're right Gary about looking at our blog in hindsight, but I guess that is how we learn. You have an awesome blog and I can say that I've learned a lot from reading it. Keep up the good work in 2016!

Posted by Tom Horn on January 1st, 2016 2:57 PM
Thank you Tom, it is an honor to have you as one of my appraisal blog readers. You're blog is a model for appraisers.

Posted by Gary Kristensen on January 1st, 2016 3:18 PM
It has been a pleasure reading your blog posts through 2015. Your great content and consistency is inspiring and I look forward to reading more in 2016. Thank you for putting out such good info and helping explain what we do as appraisers. Your Portland clients should be thankful they have such a knowledgeable appraisal source to go to.

Posted by Paul Rowe on January 2nd, 2016 11:51 AM
Thank you so much for following Paul. It is an honor to have such prominent appraisers following Portland's Appraisal Blog.

Posted by Gary Kristensen on January 3rd, 2016 4:10 PM
You do a great job, Gary. I always look forward to your posts. Here's to another 44 more this year. :)

Posted by Ryan Lundquist on January 5th, 2016 12:29 PM
Thanks Ryan, that is nice to hear coming from Mr. 100 appraisal blogs per year.

Posted by Gary Kristensen on January 5th, 2016 2:38 PM
Wow 45 blog posts for 2015, congratulations, I know it takes effort to put them out consistently. Looks like your well on your way to your first milestone of 100 blog posts, looking forward to reading that one as well.

Posted by John Tsiaousis on January 7th, 2016 11:04 PM
Thank you for following John. However, I am well past 100 appraisal blog posts and working toward 1000.

Posted by Gary Kristensen on January 8th, 2016 9:48 AM
Yeah!! great blog.I like the article very much.Thanks a lot for sharing such a good post.

Posted by The Ridges in Summerlin on April 17th, 2016 9:53 AM


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