Appraisal is a process which finds rationality in market behaviors that strike the average person as mysterious, not logical, and sometimes irrational. In markets such as we are experiencing today there is a certain inexorable motion where many are striving to see what may be below the surface.
Boston traffic is tough, getting tougher. This long expansion has had long legs, big strides made. Those brake lights we see every morning, noon, and night: are they telling us anything?
As I write this column, the Massachusetts legislature is considering a bill that would require anyone who performs a real estate appraisal to hold a valid appraiser license or certification.
When did format become as important as content or substance. With regards to appraisal reports and I’m sure other industries as well, there is way too much time, energy, personnel and money being spent to ensure that the format of almost every field in the report is uniformly applied by all appraisers.