Face Value

The episode focuses on stigmatized properties, where the value of a property is affected by psychological reasons. Guest Rob Stilo has appraised stigmatized properties throughout Colorado, including the home of Chris Watts, who in 2018 murdered his pregnant wife and two young children. Rob discusses the methodology he used to determine that the Watts house would be unsellable in the first two years after the tragic events, then regain 10-20% of value each year thereafter.

While the discussion of haunted houses was fitting for the Halloween season, Rob noted that stigma can also be positive. He discussed some of the properties he appraised in Colorado that benefited in value by their inclusion in a home-building TV show. Warren chimed in with a PSA to television producers of home-related show content – Always include the opinion of an appraiser!

Appraiser-centric - in line with all the Appraisal Institute’s communications , the new Face Value podcast is targeting audiences across the wider real estate industry. Member input and podcast ideas are welcome and encouraged, please send them to [email protected].

The episode focuses on short term rentals, featuring guest Rodman Schley, an MAI and SRA designated real estate investor and valuation expert, an Emmy-nominated TV host and producer, author and head of Blue Fusion Capital, which focuses on investing in short term vacation rentals. He’s served on the Appraisal Institute’s National Board of Directors, including a term as its 2021 President.

Schley discusses his investment in short term rentals in Costa Rica and swaps host stories with Vailas and Boizot, both of whom are also owners of short term rental properties. Schley talks about the cap rate he requires to commit to an investment property, ways to economize and optimize management tasks, and the evaluations he makes when investing, which he says appraisers know well. Schley also discussed some of the regions he’s looking into investing in the future.

Appraiser-centric - in line with all the Appraisal Institute’s communications -- the new Face Value podcast is targeting audiences across the wider real estate industry. Member input and podcast ideas are welcome and encouraged, please send them to [email protected].

The Appraisal Institute, the leading association of real estate appraisers, releases the sixth episode in season three of its popular “Face Value” podcast, hosted by Tonia Vailas, MAI, AI-GRS and Warren Boizot, SRA, AI-RRS.

The episode focuses on the NAR Settlement; what happened, why, and what’s next for homebuyers and sellers. Boizot and Vailas are joined in this episode by guests: Darwin Ernst, SRA, AI-RRS, a certified Residential Appraiser and current Vice Chair of Region 1 for the Appraisal Institute, and Heather Mull, a MAI/SRA designated appraiser and the owner of Placer Realty Advisors, a full service commercial appraisal and consulting firm.

With both commercial and residential professionals represented, the discussion digs deep on the types of new broker agreements, ranges in compensation, and effects of the settlement on sale price and appraisal.

Appraiser-centric - in line with all the Appraisal Institute’s communications - the new Face Value podcast is targeting audiences across the wider real estate industry. Member input and podcast ideas are welcome and encouraged, please send them to [email protected].

The Appraisal Institute, the leading association of real estate appraisers, releases the fifth episode in season three of its popular “Face Value” podcast, hosted by Tonia Vailas, MAI, AI-GRS and Warren Boizot, SRA, AI-RRS.

The episode focuses on trends in landscape architecture and debates whether landscaping adds value to a property, if at all. Boizot and Vailas are joined in this episode by guests Howard Morris, SRA, a certified Real Estate Appraiser and Licensed Real Estate Agent in New York, and Kevin Winkelmann, an award-winning landscape architect. Kevin discusses some of the projects he works on, and some of the trends he’s seen post-COVID, trends that Morris also sees in his work as an appraiser. These include pools, pergolas, outdoor barbecues and the recent addition of pickle-ball courts.

Viewers of the Youtube episode will be able to take a peek at some of the projects Winkelmann designed through his company, Design By Sundown.

Throughout the episode, Boizot raises the question of value. Both he and Morris agree that while it may not add much value, they recognize the appeal of outdoor spaces for homeowners. Morris introduces the analogy of a birthday cake. It can be decorated nicely on the outside, but it’s the taste inside that matters most.

Appraiser-centric -- in line with all the Appraisal Institute’s communications -- the new Face Value podcast is targeting audiences across the wider real estate industry.

Member input and podcast ideas are welcome and encouraged, please send them to [email protected].

The Appraisal Institute, the leading association of real estate appraisers, releases episode four in season three of its popular “Face Value” podcast, hosted by Tonia Vailas, MAI, AI-GRS and Warren Boizot, SRA, AI-RRS.

The episode focuses on International Appraisals featuring guest Cesar Cantu Martinez, appraiser and international director of the Board of Directors at the Appraisal Institute. Cantu Martinez discussed some of the differences between appraising in the US and Mexico, including the creation of his own database of comps and the use of listings as comps. Martinez talked about the challenges facing the appraisal industry in Mexico, including low pay for appraisals of lower-priced residential and rural properties. He discussed some broad changes to the real estate market in Mexico, including the effects of foreign investment, inflation and changing generational lifestyles that have affected the valuation of ranches. Cantu Martinez called for the translation of AI educational materials into Spanish and other languages to make those materials more accessible to international appraisers and improve the industry both inside and outside the US.

Appraiser-centric -- in line with all the Appraisal Institute’s communications -- the new Face Value podcast is targeting audiences across the wider real estate industry. Member input and podcast ideas are welcome and encouraged, please send them to [email protected].

The Appraisal Institute, the leading association of real estate appraisers, releases episode three in season three of its popular “Face Value” podcast, hosted by Tonia Vailas, MAI, AI-GRS and Warren Boizot, SRA, AI-RRS.

The episode focuses on Wine Appraisals featuring guest Nick Cadigan, MAI, the Appraisal Director for American AgCredit’s Northern California region who specializes in vineyard and winery appraisal. In advance of the podcast recording, Cadigan sent hosts Boizot and Vailas a Chardonnay and a Pinot Grigio in order to taste the two wines in real-time during the podcast. In addition to providing some wine tasting tips, Cadigan discussed some of the challenges to acquiring information on vineyards in order to appraise them. He defined ABA and talked about its role in the valuation. Cadigan also discussed some major changes that may affect the valuation of vineyards, including a decline in wine consumption among millennials and the effect of climate change on production. At the end of the episode, Vailas and Boizot ranked the wines they tasted.

Appraiser-centric -- in line with all the Appraisal Institute’s communications -- the new Face Value podcast is targeting audiences across the wider real estate industry. Member input and podcast ideas are welcome and encouraged, please send them to [email protected].

The episode focuses on Yellowbook Appraising, with insights from guests Tim Hansen, Director at the US Department of the Interior’s Appraisal and Valuation Services Office, and Michael Brady, MAI, SRA, AI-GRS.

They discuss the nuances of Yellowbook guidelines, debunking myths, and exploring the differences between Yellowbook and USPAP.

Member suggestions for future episodes are welcome at [email protected].

Face Value, the Appraisal Institute's podcast has relaunched for season 3. Catch up with hosts Warren Boizot and Tonia Vailas, hear about their ideas for new episodes, and send along your own to [email protected]!

In this special episode, Face Value podcast hosts Tonia Vailas, MAI, AI-GRS, and Warren Boizot, SRA, AI-RRS, are joined by Appraisal Institute President-Elect Sandy Adomatis, SRA, who also serves as the AI PAREA primary subject matter expert, and Ray Martinez, Ph.D., AI’s senior manager of technology-based education and a key member of the AI PAREA team, to discuss the recent launch of AI’s Practical Applications of Real Estate Appraisal (AI PAREA) program, as well as provide listeners with program updates and information on how you and other aspiring appraisers can get involved.

In the new episode of Face Value, hosts Warren Boizot, SRA, and Tonia Vailas, MAI, sit down with Smedmore Bernard, Jr., MAI, Brent Quashie and Elana Wroten to discuss the Appraiser Diversity Initiative (ADI) program, speak about their experiences and how the program has been beneficial, advice they’d give to others and share details about the brand-new William S. Harps DEI Award.