appraisers Article Collection

My Cardboard Computer

In 1980 I attended a new ERA Real Estate franchisee orientation in Kansas City. In my welcome tote bag was a cardboard slide rule type device called a Home-Rule®, subtitled “Residential Real Estate Sales Price Computer.” How did the Home-Rule work? Back then “computer”…

Real estate agent and appraiser shaking hands in a modern building

Dos and Don’ts of Sharing Comparable Sales

When real estate agents provide relevant comparable sales to appraisers, it certainly benefits both parties. Agents can ensure that appraisers are reviewing comparables that match their properties and, hopefully, meet the seller’s desired price. Additionally, while appraisers still must verify the information, it can…

The Four Tests of Highest and Best Use

Earlier this year, we asked our real estate appraisal community, “What’s the ONE thing that is most often overlooked by appraisers?” The top answer we received was “Highest and Best Use.” Highest and Best Use is the reasonable, probable, and legal use of vacant…

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