The Magical Appraiser Wand
By George Dell
Excerpt: Can you just give me some magical software which will calculate my adjustments?
I get asked questions like this often. Can you just show me how to do a graph a client wants? Can you just give me your class stuff so I don’t have to come all that way? So often, the question degrades into something like “Why does the regression software give stupid answers?” I pushed the magic button!
People do not like the answer. You’re paid to do an analysis, not wave a magic wand, or push a magical appraisal button. We have another name for that, it’s called an AVM. In addition to a point value prediction, AVMs can be tested for reliability. This is called the FSD (Forecast Standard Deviation). The AVM. It gets results. It’s fast. It’s cheap. And it provides a measure of reliability – the FSD.
Why would a client want something slower and more expensive with no measure of reliability? Why hire a pesky appraiser?
Click here for the answer!!