Knowledge and ignorance: what is an informed buyer?

Article Abstract:

Buyers and sellers of real property are presumed to be informed unless proved to be otherwise. Purchasers have the legal protection of seller disclosure in California. Creation, amnesia, due diligence, action, reaction, and resolution are the information phases in real estate transactions. However, appraisers cannot be held liable to discover the unknown and the buyer must take steps to inform himself in the process.

Real Estate, Real Estate and Rental and Leasing, Real Estate Appraisers, Offices of Real Estate Appraisers, Management, Real estate industry

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Depreciation - thoughts about the cost approach

Article Abstract:

Appraisers, in contrast to accountants, seek to accurately and objectively measure asset values. Appraisers, therefore, should abandon the accounting-theory-based assumption that asset values steadily progress downward. Depreciation progresses unevenly and, in some cases, may be reversible. The shape of the depreciation curve should be determined by research, not definition.

Real estate agents and managers, Analysis, Depreciation

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