George Mann

Post No. 38 - If you are a Canadian residential appraiser, hopefully you will comment on this post and explain how appraisals are done 50% cheaper and in half the time of American appraisals.

"Average turnaround time of appraisals in Canada is 2.5 days, while in the US it is double that. And an appraisal in the US is also twice the price as in Canada."

While surfing the web I came across that quote from the article with the link below:

Post No. 37 – Back in November, I posted my letter to the North Carolina Chapter of The Appraisal Institute asking them to work on getting a law passed to allow their appraisers to perform non-USPAP Evaluations. As a follow up, I was able to obtain a letter from the North Carolina Appraisal Board to an out-of-state Evaluator. The main excerpt is as follows:

Post No. 36 – Welcome to (a frigid) 2014. Hopefully, everyone had a great Holiday Season.

I am starting off this year with an easy post for myself - basically, a reprint of a press announcement by the American Enterprise Institute (AEI). Joan Trice and myself are part of this new Center that has been launched.

My personal hope is that the indices provided will be useful in letting us know when prices have disconnected from value. Please visit HousingRisk.Org and make it a Favorite.

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Post No. 35 – First off and most importantly, Happy Holidays to everyone. Be safe, enjoy some down time with family and friends, and here's to a Happy New Year!

Post No. 34 – Some of you may have seen a recent article by Isaac Peck, Associate Editor of WorkingRE. His article was titled "'Low Bid' Appraisal Ordering and Its Effect on Quality." It can be found at this link - http://www.workingre.com/low-bid-appraisal-ordering-effect-quality/

Dear North Carolina Board of Directors,

First off, congratulations on your appointment for the upcoming year.

I was in attendance at the Chapter meeting in Pinehurst and the subject of Evaluations came up. This has been a pet project of mine for nearly 20 years - i.e. I believe every State should allow appraisers to perform true Evaluations (non-USPAP compliant valuations).

October 29, 2013 - Post No. 32 – In response to a Letter to the Editor in the Summer 2012 edition of The Appraisal Journal, I first mentioned my Theory of Valuetivity. It is summarized as follows:

• Price only equals value when a market is in equilibrium.
• Real estate markets are rarely in equilibrium.
• Therefore, price rarely equals value.

October 14, 2013 - Post No. 31 – Everyone has probably heard many investment rules. Buy low, sell high. Buy when everyone else is selling and sell when everyone else is buying.

Although everyone knows they should that, the vast majority do just the opposite. It is the ‘smart money’ that actually follows those rules. They buy assets when the public is dumping them. They sell assets when the public can’t buy enough of them.

October 7, 2013 - Post No. 30 - This week I am revisiting a subject I discussed about 6 months ago - companies purchasing huge numbers of houses to rent as a new investment vehicle.

In parts of Europe, especially Germany, there are companies that own literally tens of thousands of rental homes. This has been a successful investment for many decades. Will it be here in the USA? My opinion is a resounding No.

September 23, 2013 - Post No. 29 - For those who started with me over at the CES website, thanks for following me to AppraisalBuzz.

The Appraisal Institute just released the 14th edition of the primary text for the real estate appraisal industry. In keeping with the times, the book is now available as a searchable PDF file.

The book has expanded discussion on the topics of:
Market Analysis and Highest & Best Use
Statistics
Capital and Real Estate Market Trends