A serial entrepreneur, executive for Pushlocal.com, and commercial real estate appraiser, Tim Williams leads companies like Williams Research Inc. and Single Point Solutions in Idaho. Committed to staying at the forefront of the real estate industry, Appraiser Tim Williams maintains membership with professional organizations like the Appraisal Institute (AI).
AI recently publicized an article that recently appeared in its industry publication, The Appraisal Journal, which states that appraisers can simulate buyers’ thought processes and behaviors by evaluating the relative quality of real estate attributes for comparable sales. The article, titled “Qualitative Analyses in the Sales Comparison Approach Revisited,” was authored by Gene Rhodes, a Texas state-certified general real estate appraiser who has appraised numerous industrial, commercial, and multifamily properties.
In the article, Rhodes asserts that this sort of evaluation can help appraisers determine a property’s market value. Appraisers can accomplish this by conducting analyses of similar sales by assigning objective ranks to real estate qualities like location, size, and views, just as a prospective buyer does when assessing a property. The article also accentuates that attribute weighting should be allocated by the market rather than the appraiser.
AI recently publicized an article that recently appeared in its industry publication, The Appraisal Journal, which states that appraisers can simulate buyers’ thought processes and behaviors by evaluating the relative quality of real estate attributes for comparable sales. The article, titled “Qualitative Analyses in the Sales Comparison Approach Revisited,” was authored by Gene Rhodes, a Texas state-certified general real estate appraiser who has appraised numerous industrial, commercial, and multifamily properties.
In the article, Rhodes asserts that this sort of evaluation can help appraisers determine a property’s market value. Appraisers can accomplish this by conducting analyses of similar sales by assigning objective ranks to real estate qualities like location, size, and views, just as a prospective buyer does when assessing a property. The article also accentuates that attribute weighting should be allocated by the market rather than the appraiser.