Appraisal Articles

Can you believe it?

Another new year is here, 2006! The year in appraisal for 2005 was a blur, but we are still looking forward to the prospect of a busy 2006…

We have all had time to get used to the forms, but the interpretation of the conditions on the forms are evolving as situations come up that require more finesse than was expected. Every day a new situation arises that dictates we change the way we were doing things to comply with the new limitations. And thankfully agencies like AARO are helping us to address some of these challenging situations.

As mentioned last month, the only new form our firm has not had to do is the co-op. It has been a crazy time. The hardest part has been getting motivated to be busy during the holidays, historically this is a slower time of year.

And where is this supposed housing slump? If you are near Wake County or have been through it lately, it is nuts… Every time I drive to town I see a new subdivision road cut in for yet another new development.

Where are the people coming from that are supposed to be buying all these new homes? As part of marketing time analysis we look at absorption rate, and most areas are at the capacity of what they did last year. My fingers are crossed that growth can continue at such a rate…

Can you believe it?

So onward to 2006 and may it be one for the record books. And with this newsletter that was started in 2005 for NCPAC, we have laid the foundation upon which appraisers can build upon. Communication and ideas are flowing again. Some appraisers were riled up about a few of the articles in the Scope and that is a good thing. Whenever people get upset enough to do something, that is progress. It is not merely enough to criticize, you have to be willing to do something about it.

And to do so, I encourage all appraisers to help other appraisers by contributing articles of your own or something you saw that is relevant to appraising. Let’s try and get the word out if you have something important to share with others.

Happy New Year appraisers!

Amanda Rivera