Functional obsolescence - Appraisers Blogs https://appraisersblogs.com/tag/functional-obsolescence/ Appraisal News and Tips for Real Estate Appraisers Thu, 05 Nov 2026 05:46:29 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 Functional obsolescence - Appraisers Blogs https://appraisersblogs.com/tag/functional-obsolescence/ 32 32 52046035 UAD 3.6 and the Danger of Corporate Pragmatism https://appraisersblogs.com/uad-3-6-and-the-danger-of-corporate-pragmatism/ https://appraisersblogs.com/uad-3-6-and-the-danger-of-corporate-pragmatism/#comments Wed, 14 Oct 2026 12:30:30 +0000 https://appraisersblogs.com/?p=35186 The rollout of the new UAD 3.6 framework has triggered a major wave of compliance literature, and a perfect example is a recent article by Woody Fincham at Valuation Nation, titled “Certification 25: What’s the Real Risk to the Appraiser?”. In his piece, Woody sets aside the rhetoric and lists my AppraisersBlogs article regarding our legal defenses under this dataset as a citation reference at the end of his post. While he acknowledges the existence of this perspective, his broader argument claims that the legal risks of signing Certification 25 are low, the threat of regulatory discipline is minimal, and...

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]]> https://appraisersblogs.com/uad-3-6-and-the-danger-of-corporate-pragmatism/feed/ 61 35186 Are Appraisers Becoming Obsolete? https://appraisersblogs.com/are-appraisers-n-realtors-becoming-obsolete-like-cows https://appraisersblogs.com/are-appraisers-n-realtors-becoming-obsolete-like-cows#comments Wed, 05 Feb 2020 13:30:41 +0000 https://appraisersblogs.com/?p=23487 Like cows, is technology making us functionally obsolete?… Cows are Obsolete! Pigs and chickens too! I just ate an “Impossible Burger” for lunch at Burger King. It tasted great! It looked great too. I could not tell the difference between this fake burger and the real thing. Goodbye cows! This morning, like usual, I ate Morning Star Farms breakfast sausage instead of real pork sausage. I love these things! Goodbye pigs! Beyond Meat has grilled chicken strips and Vegan Egg offers their “Plant Based Egg Replacer”. Goodbye chickens! As all of these “fake foods” grow in popularity, certainly farmers and...

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]]> https://appraisersblogs.com/are-appraisers-n-realtors-becoming-obsolete-like-cows/feed/ 19 23487 Failure to Communicate https://appraisersblogs.com/language-barrier-failure-2-communicate https://appraisersblogs.com/language-barrier-failure-2-communicate#comments Mon, 12 Aug 2019 12:30:11 +0000 https://appraisersblogs.com/?p=22523 Realtor’s language is “local” whereas an appraiser’s language is universal… What we got here is … failure to communicate. It’s a line from Cool Hand Luke … a great old movie with Paul Newman. Newman played a prisoner in a jail in the Deep South. The story was all about Luke Jackson, played by Newman, who was sentenced to two years in a Florida prison farm. Well, Luke was a free spirit who didn’t play by the rules and this angered the prison’s sadistic warden. In one memorable scene, the warden said, “What we’ve got here is … failure to communicate“. That line was...

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]]> https://appraisersblogs.com/language-barrier-failure-2-communicate/feed/ 9 22523 Sports Stadiums & Home Value https://appraisersblogs.com/sports-stadiums-home-value https://appraisersblogs.com/sports-stadiums-home-value#comments Fri, 26 Jul 2019 12:30:45 +0000 https://appraisersblogs.com/?p=22440 Impact of Sports Stadiums on Home Value In mid-size towns and bigger cities, there are all sorts of community and neighborhood elements that can factor into home value. And often, we don’t separate them from one another; we think instead about city attractions in general, or the public transportation available in bigger towns, etc. Last year though, The Atlantic published a piece that highlighted one aspect of city living in particular as being worthy of consideration: the presence of a major stadium. The article made the claim that sports stadiums are a bad deal for cities. It cited heavy tax...

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]]> https://appraisersblogs.com/sports-stadiums-home-value/feed/ 6 22440 Appraisers vs. Machines https://appraisersblogs.com/machine-cannot-replace-appraiser https://appraisersblogs.com/machine-cannot-replace-appraiser#comments Mon, 22 Apr 2019 12:30:18 +0000 https://appraisersblogs.com/?p=21355 Collateral risk analysis (appraisals being a key element of that) is partially art, partially science. Those two facets are blended inseparably, like a soup…the ingredients can’t be separated. While computers can undeniably perform certain tasks better than humans (such as the handling of large amounts of data) appraisers can perform other absolutely critical aspects of the process better than a machine. The appraiser can actually see the property to be valued, they can utilize their human senses, they can use their judgement based upon what they observe by physically being at “ground zero” (the Subject property), and can then apply...

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]]> https://appraisersblogs.com/machine-cannot-replace-appraiser/feed/ 5 21355 Photographs in Appraisal Reports https://appraisersblogs.com/appraisal-report-photographs https://appraisersblogs.com/appraisal-report-photographs#comments Tue, 09 May 2017 12:30:03 +0000 https://appraisersblogs.com/?p=14287 Photographs, 2 refers & Nat’l RE Appraiser’s Day… I’ve been asked to formally review a recent report. When looking over the report pages, the subject photo pages contain a mix of horizontal and vertical photographs, about half ‘n half. And there are lots of subject photos. Bear in mind, most report photo pages are formatted for horizontal photographs. It appears to me the appraiser used a smart phone for photos, as there would be no normal tendency to hold a regular camera vertically except in rare occasions to emphasize height of some feature. But people do that with phones. The...

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]]> https://appraisersblogs.com/appraisal-report-photographs/feed/ 12 14287 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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