Appraisal Insights Blog

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…

Construction site close up with workers installing glass wool sustainable insulation

3 New Types of Sustainable Insulation

Sustainable insulation materials include things that are rapidly renewable and non-toxic. Have you ever worked with fiberglass insulation? It can get up your nose and cause your hands and any exposed areas to itch. It can get into your lungs and cause complications. Sustainable…

Hand pointing at spreadsheet on laptop screen

How to Build a Regression Model in 8 Simple Steps

Regression is a mathematical tool used by real estate appraisers to determine the likely value, or adjustment rates, of various property characteristics and ultimately predict sale prices. Rather than relying on human opinion, listings, or previous appraisals, regression analyzes actual sales data to determine…

8 Common Violations Made by Appraisers

8 Common Violations Made by Appraisers

When it comes to appraisal violations, certain minor violations are very common. In this article, I outline several examples of less serious breaches of development STANDARD 1 and reporting STANDARD 2—and a few other types of violations, too. I have compiled these based on…

The Most Challenging Part of the Appraisal Process

Previously, we asked our real estate appraisal community, “What’s your favorite part of the appraisal process?” The top three answers we received were “Data collection and property description,” “Data analysis,” and “Application of the approaches to value.” This time, we asked appraisers, “What part…

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