The Appraisal Update - Episode 87 | What Is Obsolescence?

What is functional obsolescence and external obsolescence? Why are they called obsolescence? After all, physical depreciation is considered deterioration instead of obsolescence, so why isn’t it called physical obsolescence? Finally, what’s curable vs. incurable obsolescence and how does an appraiser ascertain if something is curable or incurable? Listen in as Bryan examines these items to answer a practicing appraiser’s question.Want to take a course with Bryan? Check out the course catalog at our site:appraiserelearning.com🔔 SUBSCRIBE to our YouTube channel to watch these episodes:  /appraiserelearning✅ GET your APPRAISER CE here: appraiserelearning.com🔥 STAY INFORMED with daily news and updates on The Appraisal Buzz: appraisalbuzz.com📱 Follow us on socials: AeL's Facebook:  https://www.facebook.com/appraiserelearning/AeL's Instagram:  https://www.instagram.com/appraiserelearning/Reynolds' Facebook: https://www.facebook.com/p/Reynolds-Associates-100063575604046/Reynolds' Instagram: https://www.instagram.com/reynoldsandassociates/The Appraisal Update Podcast is your go-to source for the latest news, trends, and insights in the appraisal industry. It's produced by Appraiser eLearning.  We’re more than just a CE provider. We offer free training and resources to our community of followers. So next time you’re on the road or have some free time, download an episode of “The Appraisal Update Podcast,” or tune into our free monthly webinar, “The Appraisal Report Webinar.” Appraiser eLearning is the trusted resource for appraisers – available 24/7, anywhere, from any device. It’s all online, and it’s all flexible.Learn because you want to.