A Lesson on Why Cost Is Not Value
Early in the morning, a fellow appraiser called me, sounding troubled.
“I’ve been asked to authenticate my appraisal report in court,” she said. “The lawyers believe my report is conservative and will prove how much the house cost to build.”
I asked her a simple question.
“What exactly were you hired to do?”
“I was hired to appraise the building,” she said.
Continue reading “The House That Cost More Than It Was Worth”
