Clay Sparkman
As I have mentioned in at least one previous posting (Ten Crucial Steps in Reading an Appraisal), I am not so concerned about the bottom line value on an appraisal or property valuation as I am about the particular logic that lead to the creation of that value. If the instrument is transparent and [...]
Valuation
The quest for a good set of comps
Saturday, March 20th, 2010Ten crucial steps in reading an appraisal
Wednesday, February 3rd, 2010Clay Sparkman
The crucial thing that you must understand about any appraisal (or other real estate valuation instrument) is that it is only as good as its logic. So that—in other words—you must never accept an appraisal’s conclusion regarding value without looking beyond the surface to understand the logic that leads to the conclusion and without [...]
Two hicks from Oregon go to Malibu – a cautionary tale
Wednesday, November 11th, 2009Clay Sparkman
The runway was drenched in sunlight as our plane touched down that morning at LAX. It was a golden balmy day. We grabbed our bags and headed for the rental car kiosks. I don’t recall how it happened exactly, but the fellow at the counter said something like, “I can make you a real [...]
