Today’s post deals with the daily life of a Professional Real Estate Appraiser and how technology is used in the appraisal process.
Take a look at the chart below. As a buyer for a particular condo project on Panama City Beach, would this information benefit you with your purchasing decision? There are two things that are immediately evident from this graph.
1. All 5 of the analyzed projects have experienced market correction during the analyzed time period.
2. Some projects are doing better than others.
This graph was generated from within Excel which allows an appraiser to analyze large amounts of data. It is one thing to analyze three or four sales in the course of an assignment, but yet another, to analyze say 800 or 1200 sales during the course of an assignment.
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