Face Value Podcast
Welcome to Face Value
Join co-hosts Warren Boizot, SRA, AI-RRS, and Tonia Vailas, MAI, AI-GRS, as they share appraiser news, insights and stories with appraisers and real estate professionals alike. Tune in as they dive into the hottest topics in the appraisal profession, and more.Welcome to "Face Value" from Tonia and Warren!
Episode 8: Stigmatized PropertiesThe Appraisal Institute, the leading association of real estate appraisers, releases the 8th episode in season three of its popular “Face Value” podcast, hosted by Tonia Vailas, MAI, AI-GRS and Warren Boizot, SRA, AI-RRS. The episode focuses on stigmatized properties, where the value of a property is affected by psychological reasons. Guest Rob Stilo has appraised stigmatized properties throughout Colorado, including the home of Chris Watts, who in 2018 murdered his pregnant wife and two young children. Rob discusses the methodology he used to determine that the Watts house would be unsellable in the first two years after the tragic events, then regain 10-20% of value each year thereafter. While the discussion of haunted houses was fitting for the Halloween season, Rob noted that stigma can also be positive. He discussed some of the properties he appraised in Colorado that benefited in value by their inclusion in a home-building TV show. Warren chimed in with a PSA to television producers of home-related show content – Always include the opinion of an appraiser! |
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Get to Know Your Hosts
Tonia Vailas, MAI, AI-GRS
Tonia Vailas, MAI, AI-GRS, has been appraising commercial real estate in the New York City Tri-State area for over 20 years. She is currently a member of the National Board of Directors holding the position of Vice Chair for Region IV, and serves as a member of the National Finance Committee. She is very active within the Long Island Chapter of the Appraisal Institute, was chapter president in 2018, and has chaired numerous committees, including Education, Seminars and Scholarship. Vailas is currently a LIAI chapter board member. In addition to overseeing the Real Estate Property Valuations unit, in her current position, Vailas oversees the Real Estate Financial Services team, which is comprised of lease auditors, lease administrators, revenue specialists and budget analysts.
Warren Boizot, SRA, AI-RRS
Warren Boizot, SRA, AI-RRS, has been a Certified Residential Appraiser in the Denver Metro area for 26 years, and a Designated Member of the Appraisal Institute for just over 10 of those years. He is very active at the Colorado Chapter of the Appraisal Institute, as the 2021 Chapter President and is very involved with numerous committees such as the Chair of the new “Residential Topics and Solutions Committee” and an active member of both Government Relations and Education Committees. At the National Level, he currently serves as chair of the Annual Conference Modernization Project Team and formerly the Chair of the Residential Appraiser Project Team.
Warren enjoys living in, and appraising in downtown Denver, close to his favorite property type, high-rise luxury condos, (Warren has been known to ride his electric scooter to inspections).
When not appraising, Boizot is a self-proclaimed fitness junkie and gym rat, who moonlights by teaching indoor-rowing and group fitness classes. He thrives on travel with favorite destinations being Thailand, Tokyo, Vietnam, and Iceland. He admittedly watches and knows way too much about bad reality television, and no, this Coloradan does not snowboard or ski!
The Face Value podcast is owned by the Appraisal Institute and is provided for educational and information purposes only. No other use, including, without limitation, reproduction, retransmission or editing of this podcast may be made without the prior written permission of the Appraisal Institute.