Rural property appraisals can be challenging for valuation professionals, and require a lot of data and expertise to ensure that appraisers can generate credible, reliable opinions of value. While having the passion for this area of valuation is one key to success, another is having the proper knowledge and resources.
[Read more…]
Appraisal Institute professionals have the knowledge, experience and expertise to complete even the most challenging of valuation assignments.
In the Appraisal Institute’s latest video, three Designated Members describe unusual assignments they’ve encountered in their work. [Read more…]
By Michael V. Tankersley, MAI, SRA, AI-RRS
My appraisal practice started in a small town in southern middle Tennessee. Like many people from small towns in rural America, I dreamed of doing big things. From an appraisal perspective, that meant complex assignments that were interesting and challenging. So I appraised local properties and looked forward to the day I could expand my practice into the Nashville metropolitan area.
A few years went by, and I pursued the SRA and the MAI designations because I saw that I needed stronger skills to compete in the Nashville metro market. As my career progressed, I realized that I had been missing a big opportunity. The greatest opportunity for growth was not in the highly competitive metropolitan areas, but in the rural markets where I was already located.