Spring 1994 Edition of Property Valuation Monitor

Top Wishes of Appraisal Users and Reviewers

Results of a survey by Property Valuation Advisors of Newburyport, MA reveal that clients using commercial real estate services desire the following:

• Greater explanation of the thought process involved during property valuation;
• Improved analysis of data;
• A more universal and standardized appraisal format;
• Proper application of appraisal methodology;
• Use of appropriate comparables.

One respondent stated that appraisal reports would be more valuable, if appraisers simply knew how to write.

The survey was sent to lending institution appraisal department heads and review appraisers in NH, ME, and MA.

The author, Stephen Traub, ASA, is Chief Commercial Appraiser for Property Valuation Advisors, Newburyport, MA. He is a certified general appraiser in NH, ME and MA. He can be reached at (508) 462-4347 or by e-mail at: straub@shore.net.

Other articles in this Spring 1994 issue of PVM include: Choosing an Appraiser; Review of: Hotels and Motels: A Guide to Valuations by Rushmore (Published by the Appraisal Institute); Commercial Mortgage Survey; Northern New England Vacancy Survey; Four Letter Words of RE; Notes:

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