I am a residential and commercial appraiser. In the last 6 months, I have started a journey to transform my practice using Artificial Intelligence. How can I not? It’s all anyone is talking about. So, I tried Grok, Gemini, ChatGPT, and Claude. I dabbled with Perplexity as well. Yes, I know there Read more
I recently wrote this Article for Appraisal Buzz’s website, which can be found here, or you can read it below! As short-term rentals (STR) have reshaped the hospitality landscape, real estate professionals face a growing need to accurately value these income-producing assets. Unlike traditional residential or long-term rental properties, such Read more
I have been appraising for 23 years now. I started in January 2003 during the mortgage boom. At the time, I transitioned the appraisal company I was working for from 35mm cameras to Kodak DC210 digital cameras, one of the first models out there. For probably the last 15 years, I’ve Read more
Perhaps you’ve seen the latest ad by Andersen Windows & Doors on television. The claim is that adding Andersen Windows to your house increases your home’s value by 15%. As you can see by the graphic from their website, they say “Realtors agree that Andersen products increase the value of Read more
In the dynamic world of real estate, it’s crucial to adapt to changing market conditions, especially when it comes to property valuation. One effective method for this is utilizing adjustments to non-linear market conditions. In this post, I’ll walk you through a step-by-step process for using Excel to analyze sales Read more
I admit when I was a fresh young commercial appraiser, I never understood why we always broke out the values in a going concern analysis. However, over time I began to understand the importance of doing this for the reader. Here are just a few examples: Let’s explore the USPAP Read more