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The Bay Appraisers
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Square Feet vs. Linear Feet: Cubic Feet, Board Feet, and Other Real Estate Measurements Explained
"All through life be sure you put your [square] feet in the right place, and then stand firm." Abraham Lincoln, slightly edited We always need to think with our feet. The humble foot, linear foot, and lineal foot all measure length. A square foot measures area. A cubic foot and board foot measure volume. All are (mostly) important to know for those in real estate. Whether you are buying/selling a home, looking at your office in a (fun!) new way, doing that renovation projec
Soren Nieminen
Sep 237 min read


How Do Appraisers Actually Determine Value? The 8-Step Valuation Process
Source: Pexels.com Every appraisal assignment starts with a basic question: how do we get from a property address to an opinion of value? For straightforward properties, the process can look simple from the outside. When looking at complex residential to commercial properties (such as mixed-use buildings, industrial warehouses, or retail storefronts), an appraiser needs a structured framework so the conclusion holds up under review. This post walks through the standard eight-
Soren Nieminen
Sep 74 min read


Fee Simple or Leased Fee in California?
A practical framework for one of the first questions in every assignment, and one of the easiest to get wrong in this state.
Soren Nieminen
Aug 106 min read


2026 Coastal California Conference: Appraiser Takeaways
Notes from the 2026 Coastal California Conference: why an operating short-term rental is a going concern, what bank underwriters actually check in our appraisals, and how to use AI without running afoul of USPAP. Plus the keynote's reminder that the most important technology in any appraisal is still the appraiser.
Soren Nieminen
Jul 166 min read


Single-Phase vs Three-Phase Electrical Power
What is the difference between single-phase and three-phase power in commercial real estate valuation?
Soren Nieminen
Jun 227 min read


An overview of Appraisal Licenses in California
Explore the different license levels for appraisers in California.
Soren Nieminen
Feb 95 min read


Gross Rent Multiplier vs Gross Income Multiplier?
Real Estate Appraisal: Gross Rent Multiplier vs Gross Income Multiplier?
Soren Nieminen
Sep 24, 20253 min read


First Principles Thinking
Mental Model: First Principles Thinking If you work in tech, you’ve probably heard this phrase “First Principles” a lot. It’s been...
Soren Nieminen
Aug 4, 20253 min read


The Role of Appraisers in Bay Area Real Estate
In the fast-moving and complex Bay Area real estate market, the role of a qualified appraiser is often misunderstood or overlooked....
Soren Nieminen
Jan 12, 20252 min read
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