Mastering Objectivity
The appraisal practice is an impartial, unbiased, objective process of determining the most probable price paid for a home. Few understand that this process relies upon great research and assessment to ascertain the meaning of market participants, their motivations, and potential response to an infinitude of influences.
Separating out personal opinion, and exercising scientific reasoning is a challenging task for most human beings, particularly because our cultivated ways of perception doesn't usually reside upon objectivity; the Socratic Dialogue is an atrophied process in our world, to say the least.
The Uniform Standards of Professional Appraisal Practice acts like a rail-road to keep the appraisal practitioner honest in his/her workings, something that was implemented post the Savings and Loan Crisis of the 1980's in order to lay the ground work for objective practice that protects the public interest.
Sifting through the seeming chaos of the market place, the cyclical histories that have illuminated the pathway time and time again, and reporting the extent of its influences on value is by no means an easy task. It weighs heavy upon the mind. Face-value media sources- that which typically ask soft questions about virtually everything- score markets as climbing without regard for the economists input on the sanctity of monetary policy or consumer debt.
Contrasts.... Grasping the tenements of a sane approach to diplomatic reasoning, or at the very least a sustainable real estate market and economy, as contrasted with the present day landscape, offers rich information to cause and affect. Therein, capturing the market place in its honest state of being- for better and worse- is my practice so that reader can visualize the full vernacular of the market place.