Is It the Cap Rate or the Crap Rate?

By John Simpson, on March 31st, 2008%

So many people in real estate think there is only one cap rate. Did you know there are at least 3 real cap rates and a bunch of “estimated” cap rates? Let’s count the real ones.

Using the seller’s last year income (like what assessors use) and current year sale price
Using the . . . → Read More: Is It the Cap Rate or the Crap Rate?

2 comments   Appraisal Theory, Market Studies/Data   , , , ,  

The Hardest Thing About Getting the Value Right

By John Simpson, on March 12th, 2008%

Although most appraisals are done well, from time to time I’m called on to review a report that misses the mark. I started thinking – what is the one thing that makes getting the value right or wrong? What is the one thing the separates a poor appraisal from a good appraisal?

In a word, it’s the . . . → Read More: The Hardest Thing About Getting the Value Right

One comment   Advice   , , , , , ,  

Why Is It So Hard to Get a Commercial Appraisal Job?

By John Simpson, on March 6th, 2008%

Every week we get resumes from persons who have completed their trainee license.  Sometimes they even call us.  Universally, they express a great deal of frustration with the difficulty in getting a job in our industry.  The other day someone asked me why it’s so hard to get a job.

Well, there are lots of reasons, but . . . → Read More: Why Is It So Hard to Get a Commercial Appraisal Job?

2 comments   Trainee Corner   , ,