Summer is almost over, and I cannot believe how quickly time has flown. What we do is a key part of the real estate industry in Texas, and I am forever grateful for the opportunity to work in this state with so many hardworking, knowledgeable license holders who make a difference in the lives of so many Texans every day.
Who Are You Talking To?
In this crazy real estate market in Texas, sometimes it can feel a bit like the wild west out there as we try to gather and interpret data. I wanted to take a moment to remind you of a valuable resource that we should all be tapping into, market participants. As appraisers if we aren’t talking regularly with buyers, sellers, brokers and developers we aren’t doing the necessary research to form a credible opinion of market value. There is so much data available at our fingertips that it can feel like a huge effort and drain on our time to try to connect with market participants, but the market nuances that are revealed in those conversations are invaluable. Having a deeper level of understanding about the market will make you a better appraiser and give your clients and their borrowers greater confidence in your expertise. From a regulatory perspective, documentation of these conversations greatly benefits the credibility of your work file and appraisal conclusions.
The TALCB Board is on August 20 at 10 am. We have posted the meeting agenda and materials on the website for your convenience.
The August meeting will be conducted virtually. We will provide virtual meeting information on our website on the meetings and minutes page. We will also post the video with the full annotated minutes for review shortly after the meeting concludes.