WalshStreet Blog

Here's to The Appraiser
February 17th, 2009 4:14 PM

Did you know that a good appraiser will review 2-4 different sources of data pertaining to a recent sale or listing before he uses it as a comparable?

Did you know that an appraiser will analyze a neighborhood or market area using 3-8 different analysis before making a conclusion about the characteristics and trends of that neighborhood?

Did you know that an appraiser will analyze the sales history of the subject property and comparables going back as far as three years?

Did you know that an appraiser will match and compare 5-25 different properties to determine an appropriate adjustment, sometimes going as far back as five years? 

Did you know that it is not uncommon for an appraiser to have 15-100 pages of information in a work file that was reviewed but you never see? 

Did you know that it is a requirement that an appraiser review the purchase agreement for the sale of a property being appraised. Did you know that this gives him insight as to what types of offers are being made and how they're being constructed? Not just from one broker but from all broker offices throughout his geographical area.

"No one else in the real estate profession spends this much time on market sales activity! No one else has this much knowledge about local market sales trends"!

SO THE NEXT TIME YOU'RE AT A SOCIAL GATHERING AND EVERYONE HAS A MOUTHFULL TO SAY ABOUT REAL ESTATE, KNOW WHO E.F. HUTTON IS!!!


Posted in:General
Posted by Lawrence Walsh on February 17th, 2009 4:14 PMPost a Comment

Subscribe to this blog

Categories:

My Favorite Blogs:

Sites That Link to This Blog: