Lehigh Valley's Expert in Residential Appraisals
Bob Premecz, SRA
OwnerRobert G. Premecz, SRA, is an expert, innovator, and leader in real estate appraisal, both locally and nationally. Currently Bob concentrates on residential appraisal in the Lehigh Valley, but he also provided forensic appraisal reviews at the national level. His unique expertise in real estate appraisal grows from a full range of real estate activities over the past 40+ years; including sales, brokerage, building, designing, developing, and insuring. The timeline below highlights some milestones.
Bob pushes the boundaries of innovation. In seeking to understand and reflect market values of properties through comprehensive and unbiased research and analysis, his 171-page demonstration appraisal in 1985 helped earn him the prestigious SRA designation from the Society of Real Estate Appraisers. It employed a computerized Market Data Analysis he called the Statistical Forecast Approach. Variations of this method are being used today in many Automated Valuation Models (AVMs) and popular online valuation websites. However, they suffer with data integrity issues weakening their results.
Not satisfied with the large datasets required by typical multivariate modeling, Bob developed the Balanced Adjustment Method (BAM) capable of isolating, illustrating, validating, and quantifying multiple adjustments within the Sales Comparison Approach using either limited or ample multivariate datasets. BAM can show the strengths and weaknesses in any appraisal, CMA, BPO, or AVM, if given the underlying data. It is a great tool for uncovering the credibility of any valuation product.
Bob has earned the respect of his peers. He held many leadership positions in real estate, including serving 3 times as Chapter President during major events: the merger of the Society of Real Estate Appraisers into the Appraisal Institute in 1989-1990; the merger of the Lehigh Valley chapter with its northern counterpart into the Northeastern PA chapter in 2000; and the initiation of national presidents to both Philly and NEPA chapters during 2013-2014 while growing the educational opportunities and number of locally designated appraisers.