Richard Hagar, SRA - Chief Appraiser https://appraisersblogs.com/author/richard-hagar/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 18:21:13 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 Richard Hagar, SRA - Chief Appraiser https://appraisersblogs.com/author/richard-hagar/ 32 32 52046035 Appraisers, did you Shoot yourself in the Foot? https://appraisersblogs.com/failure-2-inspect-n-photograph-comps-backfires-on-appraisers https://appraisersblogs.com/failure-2-inspect-n-photograph-comps-backfires-on-appraisers#comments Mon, 30 Sep 2019 12:30:23 +0000 https://appraisersblogs.com/?p=22779 When I explain the rules many of the appraisers start complaining: “An MLS photograph depicts the house at the time it sold so it’s more accurate than my photograph would be”… There’s a lot of yelling and screaming about bifurcated appraisals. Unfortunately, appraisers may have shot themselves in the foot when it comes to this issue. Allow me to provide an analogy to help explain the issue. I’m not sure if this happens in other areas of the country but in Seattle there is a strange “left leaning” way they do things: State and Federal governments perform numerous traffic studies, to...

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]]> https://appraisersblogs.com/failure-2-inspect-n-photograph-comps-backfires-on-appraisers/feed/ 52 22779 Appraisers – The Reason You Have No Business: Functional Obsolescence https://appraisersblogs.com/appraisal/appraisers-the-reason-you-have-no-business-functional-obsolescence/ https://appraisersblogs.com/appraisal/appraisers-the-reason-you-have-no-business-functional-obsolescence/#comments Tue, 02 Jun 2015 12:30:31 +0000 https://appraisersblogs.com/?p=7879 Functional obsolescence is the reason many appraisers are going out of business. On a daily basis, appraisers moan: “It’s because of the HVCC that my business is down” or “that AMC or X or Y or Z caused my income to decline.” Really? Are you sure? So, why is my company buried in business and you’re not? We’ve all heard about blacksmiths being out of work; Seems the use of horses has declined. And the need for typewriter repairmen, the demand just isn’t what it was 20 years ago. The people in these jobs failed to adapt; Maybe appraiser are having the same problem....

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]]> https://appraisersblogs.com/appraisal/appraisers-the-reason-you-have-no-business-functional-obsolescence/feed/ 16 7879 Adjustments – Your Opinion Doesn’t Count https://appraisersblogs.com/appraisal/adjustments-your-opinion-doesnt-count/ https://appraisersblogs.com/appraisal/adjustments-your-opinion-doesnt-count/#comments Tue, 14 Oct 2014 12:30:50 +0000 https://appraisersblogs.com/?p=6618 Regulations state that appraisal adjustments cannot be based upon an appraiser’s opinion. According to federal and state law, adjustments must be based on support and evidence- proof if you will, and an appraiser’s opinion is not considered to be “support.” Many appraisers have failed to support their adjustments and as a result have had their licenses revoked, penalties assessed and lawsuits lost, all because the they failed to understand a single but important requirement. Think about your appraisals. Are the adjustments based on your opinion or do you have proof of the adjustment in your workfile? Then one day I...

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