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Please Sweat the Small Stuff

Published On 05-15-2013 , 12:29 PM

 A constantly dripping faucet or a squeaky door hinge is a minor homeowner repair. They do not impact value or safety like a leaky roof or a broken stair tread. However, even though these repairs are minor, their annoyance factor may put them ahead of other, more important, maintenance chores.  ...

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Limited Market Data

Published On 05-13-2013 , 10:06 AM

There are some assignments where the available market data is insufficient to perform a typical appraisal analysis. Sometimes the dearth of sales and rents are the result of declining market conditions. But there are other situations where the overall market may be stable or even improving, yet rece ...

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Technology Digression

Published On 05-08-2013 , 4:32 PM

This week’s Appraisers Arc will digress from the typical postings on this blog. Mine is a cautionary tale that will be beneficial if it can prevent others from following in my footsteps. It all started when I bought a new computer. I have a laptop, for off-site bank training and consulting ass ...

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Excess Land versus Surplus Land

Published On 04-24-2013 , 5:44 PM

From what I and some of my fellow review appraisers have seen, some misunderstandings remain about excess and surplus land. One problem we run into is a failure to identify the existence of surplus or excess land.
It is easy to move machine-like through appraisal assignments, doing all the  ...

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Returning to Hotels

Published On 04-17-2013 , 3:16 PM

In responding to a question that arose from last week’s blog, I learned that it will be beneficial to dig a little deeper into USPAP. I stated last week that USPAP does not require appraisers to conclude a value for intangible assets. That statement is true but probably needs a little unpackin ...

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