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Occasionally, a client is not able to obtain all of the data necessary to clearly support the value of an asset needing to be appraised. This seems to happen most often in some type of litigation scenario. I recently received an inquiry from a former student in a business appraisal class that I taught a…

There are a lot of important factors to address when reviewing any type of appraisal report.  However, in my opinion, the most important factor every appraisal must pass is….. THE SMELL TEST!  Does the value conclusion make sense and does it smell right? It is the appraiser’s job in every appraisal assignment to explain and…

I am frequently asked to review another appraiser’s work and to state whether or not I agree with their conclusion of value.  Most of the time, this is not particularly difficult to do as the appraisal contains sufficient information to allow me to determine whether or not I agree with the analysis and the appraiser’s…

I’m often surprised when someone asks me to give them a value for something after a passing comment or a glance at a property.  For example, it is not that unusual for me to be asked by a business owner after a brief conversation – “What do you think my business is worth?”  I guess…