Geographic Competency

By
Real Estate Agent with RE/MAX Fine Properties

Geographic Competency has really been in the headlines and blogs alot lately.  I know of some appraisers who belong to as many as 5 MLS databases and do appraisals in excess of 2 hours or more away.  I have seen some out of the area appraisals lately and they definitely need to work on their knowledge of the markets they work in.  I had a review done lately by a PHX appraiser and he used two bank owned property sales and one seller motivated sale that was priced like a short sale...all because they were from the past 90 days perhaps?  How can those be truly comparable? 

I won't go out of my area and refer other appraisers every week that I have met in continuing education classes just trying to assist the companies with appraisers within the market area they need assignments done.

And finally, in speaking of competency........you have got to check out the following weird and wild buildings!  All would definitely be FUN appraisals, without a doubt! 

http://my.opera.com/nitinjadhav/blog/show.dml/2978280

 

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My first video - the hardest thing I have ever done!   I think it aged me about 10 years!!

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