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another "Update" request

Discussion in 'Arkansas' started by Terrel L. Shields, Oct 15, 2009.

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  1. Terrel L. Shields

    Terrel L. Shields Elite Member
    Gold Supporting Member

    315
    May 2, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    Got another request for an "Update" of an appraisal on a farm that I did 5 years ago...

    Where the heck are these Banks getting the idea that appraisers can wave their arms and create a few pages of creative writing and "update" a 50 page report with 3 approaches that was done under market conditions that are totally unlike what exists today?

    And since I didn't get the job, I am curious who did....and how they could have done the job any cheaper than me? The only other credible poultry farm appraiser close charges about $600 more than I do.

    These update requests are coming from the bigger Regionall banks...again, i don't understand.
     
  2. Marion Rhodes

    Marion Rhodes Elite Member

    Top Poster Of the Month

    279
    Feb 26, 2006
    Professional Status:
    Certified General Appraiser
    State:
    Pennsylvania
    That's cause they told Skippy it's a residential property with a few hobby chickens in the yard.

    They'll probably call you back after Skip takes a drive past the place.
     
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