Dodgy Home Appraisals Make a Comeback
This article was originally run in the Wall Street Journal. Make sure to read the story and watch the special interview with the author AnnaMaria Andriotis HERE.
This article was originally run in the Wall Street Journal. Make sure to read the story and watch the special interview with the author AnnaMaria Andriotis HERE.
There is an old adage that says knowledge is power. Never have I found another industry this holds more true. The more we, as appraisers, understand about a specific area, neighborhood, or subdivision the more accurate and credible report is able to be produced. Let’s face it, that’s why we are here… To provide accurate estimates of value. I want to encourage all of us to reach out to our fellow colleagues to discuss current industry changes, with questions, with that tough one you worked on last week.
Our team at Appraisal Buzz, and I, are really excited to announce the launch of an Appraisal Buzz magazine. Yes, you heard that right. We are going to engineer some backwards technology and publish our first ever print magazine next Spring. We've gone retro with an old fashioned, glossy magazine delivered to your mailbox.
I remember writing essays on historical figures for school when I was younger. I would spend hours in the library going through the card catalog using the Dewey decimal system to find the material I needed to complete my assignment. Once I had gathered all of my information, I could complete my report based on my opinion of the information I had gathered. If the teacher wanted to validate any of my findings, they would need to go through the same painstaking process I had gone through, although, they would at least have the page numbers.
A big "Thanks" to Joan Trice and the Allterra Group for holding another great Valuation Expo. This year was the 15-year anniversary and the Expo did not disappoint!
Our 15th edition of Valuation Expo is over and everyone that attended told us it was one of the best ever! The Collateral Risk Network meeting had more attendees than ever before and the CRN party hosted by ACI was said to be the networking event of the year.
In today's technologically forward era, every day there is less and less human interaction. Something as simple as going to the grocery store, you used to give the cashier money or a credit card. You might have even made small talk while you waited for your change or your credit card to go through and to sign off on the receipt once they handed it to you. You are lucky anymore to see someone say hello or acknowledge the cashier’s existence for a split second, then slide their card through the machine and look down at the machine to follow the prompts.
As we discussed in the last installment, Valuation Expo was started on three founding principles -- Learn, Network, and Prosper. We've already covered the learning aspect. Today, we continue our in depth look with the networking component to show you how to best leverage your Valuation Expo experience.
This summer will be the 15th occurrence of Valuation Expo. It is the biggest appraisal conference in the nation. This is the place to be for anyone in the industry. In honor of that we have put together 15 reasons why you should come to Valuation Expo in Las Vegas!
The proposed AMC Rules from the Agencies are out in draft form.
Coalitions, industry organizations, and groups of appraisers are examining these and other Rules.
There is discussion amongst appraiser groups and other industry participants like never before.
It’s a great time to make your voice heard and to hear what others have to say!