What’s all this stuff about risk?
By George Dell
We seem to be hearing stuff about risk recently. Why?
Back in the old days, before internet but after the wheel – It was my challenge as a new appraiser to scratch together four or five comps, then put three of them on a form, or perhaps even all five on a table. We called the table a ‘grid,’ presumably because it looked like the grid on a bird cage.
I soon discovered I was free to fly around inside the grid cage all I wanted. I adjusted to what I had. I learned to live inside the cage.
Then flying electrons came. They flew right through the grid. There were many. Sometimes even a dozen or more. All claiming to be comp messages. It was too much. I had the five. Should be enough. Yep. That’s what my trainer said. That’s what my appraiser education said. And sure enough, it was on my test for my new appraiser license…
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My comment: Next month’s paid Appraisal Today will have a long article, “Adjust your adjustment, or adjust your attitude? The Hype and the Reality” by George Dell. Very interesting!