Dear Chapter Members:
A brief note of thanks and well wishes for your support and
contributions to the betterment of our chapter and profession this year especially,
our Board of Directors and committee members who gave freely of their time during
(protracted) merger discussions between Upstate and Western NY/Ontario
Chapters. Your collective efforts to
forge a single, unified chapter garnered national attention and thereafter reminded
appraisal nation of who we are! Again
The Chapter President tasks include ensuring that, dues
paying members are afforded opportunities to obtain continuing ed (CE) hours as
required. The Appraiser Qualifications Board (AQB) of the Appraisal Foundation
recommended an extension of the ASC mandates for CE while offering reliable,
on-line/asynchronous (in lieu) of in person classes while advocating for
extensions of con-ed cycles. When in
need of CE therefore, please do not hesitate to visit our Chapter website or
reach out to our very knowledgeable Chapter Exec., Ms. Yvette Molinas whose
steady guidance this past year is much appreciated.
The socialization aspect of in-person classes and our
periodic ‘get togethers’ understandably is missed but foreseeably, will return
to one day. 2020 unfortunately has been memorable
for the wrong reasons therefore please join me in hoping and praying that, with
continued technological breakthroughs including vaccines the scourge of Covid
will be forever vanquished.
Appraisers, lenders, reviewers, developers etc. hereafter are
challenged to understand and accurately interpret Covid’s impact on value and
market dynamics. I urge all to pay close attention to your respective markets
and asset classes you specialize in. Upstate
property values generally are very stable (stubborn in some cases) with most
asset classes exhibiting moderate but not dramatic appreciation per my
observations (30± yrs. of appraising). All of us, however, need to mindful of which property
types are susceptible to Covid and respond accordingly.
AI has been proactive and periodically, offers webinars on Covid
and how to address the pandemic’s impact by property use; their guidance is a
valuable resource and I urge all to check in on them periodically and also, our
Lum Library with its considerable informational resources.
In closing, thank you again and please know it is my honor
to serve as Chapter President and will be my pleasure to continue to serve as
Chapter President thru 2021.
Sincerely and best regards,
Richard (Rick) Coughlin, MAI
NY Chapter President