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Books, books and more books!

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JennC

Thread Starter
Junior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
New Hampshire
I want to keep learning and since I'm not so busy right now I thought I'd start buying some appraisal books. I just ordered: "The Appraisal Writing Handbook" by Alan Blankenship, which sounded useful.

What I'd like to find out from all you veterens is what books you suggest for the SORTA beginner type. I have my texts from all the classes I took: Fund. of Real Estate, USPAP, How to Use the URAR, and Income Propety Appraisal.

Is there any books that I should absolutely have or you all recommend reading :?:

Cheers!
 

Shelby

Freshman Member
Joined
Jan 17, 2002
Hi JennC,

Me again!

Here's a great general real estate reference I found on amazon.com with excellent content and a cloth cover, perfect for tossing in the appraisal kit:

Dictionary of Real Estate Terms (Dictionary of Real Estate Terms, 5th Ed)
by Jack P. Friedman, Jack C. Harris, J. Bruce Lindeman


Shelby in CA 8)
 

JennC

Thread Starter
Junior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
New Hampshire
Hi Shelby,
I did see that on Amazon, it's been useful to you? It sounds like a dictionary :wink: , boring. Maybe it deserves another looksie then. I'm looking forward to getting my reports book, it sound good. Special order I guess so I won't be getting it for another month.

Not much activity in the newbie section it seems, I guess I don't blame all those veterens, they're probably sick of answering newbie questions.

Cheers!
 

Shelby

Freshman Member
Joined
Jan 17, 2002
JennC,

Yes, it is a dictionary -- not edge of your seat reading, but thorough and very useful, with diagrams and such to further explain. #12 in popularity at GE Capital Services for some reason -- are they thinking if they get layed off they'll go into real estate? The book you mentioned does sound good -- from what I've seen, if you use coherent complete sentences that mean something on a regular basis you'll stand out. And on the other point -- remember, we're the new kids on the block, and will soon be competition -- don't take it personally! :wink:

Shelby in CA 8)
 

JennC

Thread Starter
Junior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
New Hampshire
Hi again,

I'll have to check that out then. I've always been a big reader.
I did check the old board to see if anybody has posted on suggested reading, couldn't find much. I figure I'll just keep on buying books that sound good.
The one I ordered on reports was suggested on the appraisal today web site. There where good descriptions of the books, I found amazon lacking on some of the book descriptions.

:D Jenn
 

Shelby

Freshman Member
Joined
Jan 17, 2002
Thanks for posting the tip on the Appraiser's Depot, Matt! You Okies are A-OK. (My mom's from Ada.) I think I'm going to put the Dimension Master Plus on my Valentine's Day wish list, skip the candy!! :p

Shelby in CA 8)
 

JennC

Thread Starter
Junior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
New Hampshire
Yeah, thanks Matt!
They have all sorts of fun stuff.

Thanks for the link! :D
 
Joined
Jan 16, 2002
Professional Status
Certified General Appraiser
State
Montana
JennC:

Each new appraiser should have a library add to it as budget permits. At the beginning, the following are essential. :!:

Up to date copy of State Laws, Regulations concerning real estate appraising. Copies of State Appraisal Board newsletters each month provide excellent guidance for new appraisers.

Copy of USPAP and the Q & A book issued by the Appraisal Board

Copy of the ANSI measuring guide or the download from the North Carolina Appraisal Board on property measurement

The Fannie MAE Selling Guide- This resource is relevant to the underwriting standards of most home loans.

The HUD 4150.2 Hand Book. This contains very useful information for the new appraiser, particularly the protocol on filling out a URAR. It answers directly the information required for each section of the URAR.

The Appraisal of Real Estate-Twelfth Edition-Appraisal Institute

Software handbooks. Software manuals should be printed for the software and drawing programs. Most other software such as mapping programs have easily read helps screens to assist the beginner.

Localized information consisting of maps, zoning regulations, flood zone data and local environmental data.

The handling of building cost guides is in flux at this writing as Marshall Swift is promoting a computerized cost guide substitute for the residential cost guide. Just announced is an Internet cost guide. There are other cost guides that in a particular market may be more preferable. The trainee, however, will be more efficient if they have their own copy and make a habit of maintaining updates.

I also recommend every appraiser, have a computerized accounting system. Install a copy of QuickBooks. The Handbook for QuickBooks 2002 has 500 pages and makes interesting reading explaining an accounting system It will help you stay on the right track running your business.

Then, as budget permits add books. Of all the books, one of the most recommended is Appraising the Tough Ones: Creative Ways to Value Complex Residential Properties by Frank E. Harrison, MAI, SRA and available through the Appraisal Institute. For the commercial appraiser, a comprehensive book with sections on market analysis, highest and best use; the application of cost, sales comparison, and income capitalization approaches, I recommend Market Analysis for Valuation Appraisals by Stephen F. Faning, MAI, Terry Grissom, MAI, and Thomas D. Pearson, MAI also available from the Appraisal Institute.

Other Books to add to this list are:

Residential Sales Comparison Approach-Mark R. Ratterman, MAI, SRA-Appraisal Institute

A Guide To Appraisal Valuation Modeling, Mark R. Linne, MAI, CAE, Steven Kane, George Dell MAI, SRA-Appraisal Institute

Marketing for Appraisers-Ann ORourke, MAI, SRPA, SRA-Appraisal Today

Appraising Residential Properties- Appraisal Institute

Real Estate Damage- Randall Bell-MAI- Appraisal Institute

The Elements of Style-William Strunk Jr. and E.B.White- Macmillan Publishing

And last but not least, one book that will constantly inspire you. Appraising is a tough business and reading this book might be just the breakthrough toward a great career in appraising. :arrow: :!:

The ZEN and the Art of Making a Living, Laurence G. Boldt. Penguin/Arkana Publisher. He says, Work is more than a matter of keeping busy all day. It must feed the soul as well.

Then don't just read appraisal books. Follow your interests and read to relax, to learn, to be inspired, to be thrilled and to be confounded. A really good appraiser knows the world around him or her, is in touch with its people, their habits, their wants and dislikes. Reading makes us recognize why people buy and sell and understanding that alone is what we do better than others. :idea:
 

Jo Ann Meyer Stratton

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Arizona
In addition to the 4150.2, a HUD appraiser needs the HOC National Reference Guide and a copy of the FAQs from the HUD website.
 
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