Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
On the road again for appraisal class. One more trip to New Milford next week for a 1/2 day of review and then the Big Test. Then I can take my broker exam in January and I’ll be all done with studying for awhile. There were a couple of interesting “in the field” points that were made this week in class, particularly in regards to fighting appraisals that come in less than the contract price.
Trek #3 out to New Milford for appraisal class. At least I only paid $2.99 a gallon for gas this week. Today I learned about 2 of the 3 different approaches to appraise different types of properties; the Sales Comparison Approach and the Cost Approach. Next week we’ll learn about the third approach, the Income Approach. Really fascinating stuff to the lay person, I know. But now I know that if I want to appraise
Today was session 2 of my 30 hour appraisal class. Back out to New Milford I went. One concept we talked about that I found particularly interesting was the highest and best use for a property. In order for an appraiser to determine a final value conclusion for their appraisal report, they must understand the optimum use to which land or improved property can be put. To do this, they’ll look at 4 tests: 1.
It’s the political season and we’re being inundated from all sides with debates, interviews, and commercials. The recurring theme that I see seems to be politicians speaking in generalities. When they’re asked a direct question about a plan they have to solve an issue, the response is usually some circuitous generalization. Here’s a spoof of what I’m talking about… UPDATE: Embedded video removed … see it here. I don’t understand why politicians cannot answer questions