The Most Challenging Part of the Appraisal Process
Excerpts: Number 1: Data analysis (34%)
“When comps are limited, or when sales prices vary by as much as 50% for what appear to be very similar properties in the same neighborhood (which seems to be more and more common in the Denver metro area), selecting the best comparable properties can be a very time consuming and stressful process.”
Number 2. Site value opinion (17%)
“I choose ‘Site Value Opinion’ as the most challenging since there are very few vacant land sales in the areas that I appraise in. With very few sales, it’s very difficult to provide an opinion of value for many sites.”
To read more comments from appraisers and the other 7 challenging parts of the appraisal process click here
My comment: Lots of good appraiser comments. Data Analysis is my number one choice also. Tract homes are sorta boring but can be a welcome break from all the non-tract homes I appraise. Also, with Covid, I don’t connect with real estate agents every week at open houses to find out what is happening (behind the data).
11 connected Domes in Australian house!!
Just For Fun! What We All Need!!!
Excerpt: With 11 domes and twenty rooms across 1,050-square metres (10,925 sq.ft.) of floor space, this house, or spaceship, is a “world first”.
It’s situated on half a hectare (0.74 acres), with multiple balconies and a wine cellar.
To see lots of very interesting photos click here
My comment: I tried to count the domes myself but gave up! I have never seen, or heard of, a house with this many connected domes. I definitely would need to use a builder or architect drawing!! I would go crazee trying to measure this house…..