The Appraisal Update Podcast 10.17.23 - The Human Factor in Valuation
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- čas přidán 11. 09. 2024
- How do you support your appraisal adjustments ... or DO you?
In order to make market-based adjustments, don't you have to analyze the actions of market participants? Please say yes. There's more to supporting your opinion than plotted sales and trend lines. What we call "the market" is really just people making decisions about buying homes. And those decisions aren't always rational.
Join Bryan and his guest Brent Bowen as they discuss Brent's fascinating new course that takes human psychology into account. Check out "Creating Formulas That Work" in the Appraiser eLearning catalog.
*note: The next session of Brent's class will be live via Zoom on October 31st: appraiserelear...
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I always make sure to speak with at least 4 to 5 market participants for each property. I normally ask about; how much they trade for PSF, average rents, market appreciation, etc..
A great practice! Thanks for this feedback.