[reliantappraisals]

Most Review Appraisers really annoy the heck out of me.

When I do reviews my goal is not to pick apart or slaughter the appraiser. I will defend the guy who is in my profession usually. the fact that an appraiser may have a differnt way of doing things is not whats in review, it is to make sure his conclusion is reasonable.

Rebuttals rarely seem work, even if you can show superior knowledge and easily show that the reviewer was a MORON. It seems like once a review is ordered the lender is dead set on not lending on that property no matter what evidance you can provide.

WHAT IS WRONG WITH SOME OF YOU?!

no offence to you impartial good reviewers

[Thomas Fiehler]

As one who does a considerable number of reviews (doing one now that will come in about 90K below other value), the report should stand on its own. I don't care who the appraiser is. I have never had a rebuttal of any of my reviews. Unless you call the numerous reports turned into the state!

[Daystar]

give us some examples of unreasonable critique

[reliantappraisals]

I just felt like complaining.
I dont mean things reviewed by the state, Ive never had that happen that Im aware of.

Ive noticed the few reviews Ive been subjected to they use the low end of comps available. Ive had 1 just make blatant false statements, which I rebutted to no affect. The only other issue ive run into is the reviewer being unfamiliar with the nighborhood and compares tract homes to custom homes in an area with scatterd above average to very good quality custom home tracts. Underwriters/reviewers often perfer more proximate sales to sales that are actually similar.

90k differance is pretty extreme!! WOW.
Im talking 5 to 15K differances.

[CURT VAN HOOSER]

Originally Posted by reliantappraisals

it is to make sure his conclusion is reasonable.

Mr. Reliantappraisal,

This one little segment of a sentence says it all (actually to make sure the opinion of value is reasonable following standard appraisal practice and using knowledge of the area).

Your are correct. It is not the reviewer's job to pick apart and slaughter the appraiser. It is the reviewer's job to pick apart and, if necessary, slaughter the appraisal report. I'm not out to hang anyone.

As a reviewer I am charged with not only reviewing what data you have in your report but also the available data as of the date of report. If, in my opinion as a reviewer, you have overlooked more appropriate comparables, have used adjustments that are not typical of the market, or have provided inaccurate data, etc., etc., etc., then I will identify the affected areas in the report, note the correct information, and provide my opinion of value with support.

[Lawrence R.]

I find that field reveiws are often the worst. Reviewer is unaware of changes made to property in the past year, because they use internet information on their "field" review. Pull comps from the closest proximity, not competing, similar neighborhoods. Use 1700 ft houses to compare to 2400 foot houses, when there are 2300 and 2200 ft houses half a mile away, but the 1700 ft house is 1/4 mile away.

Desk reviews are usually OK, though once in a great while I will forget to explain why I exceeded a fannie guideline and be forced to comment or get a new comp...

It is always on the tough stuff, semi rural, difficult area, low sales, etc... that the Appraiser and the reviewer never seem to meet eye to eye. It is always the one you spent 30 hours on that the field review comes back 24 hours after you emailed it to your client 50K lower than yours.

Are you a skippy, no, the reviewer is. Like a reverse skippy. He thinks that under appraising a value is somehow less unethical than over appraising. Anybody ever lose a license for a review like that? Hell no.

[Thomas Fiehler]

I've had the opportunity (?) to review appraisals that have over stated the value by 100% (or more). Just review the report and forget who the appraiser is. Now, there are appraisers who have earned a closer scrutiny of their work as their reputation proceeds them!

[CURT VAN HOOSER]

Originally Posted by larryroscoe1

Reviewer is unaware of changes made to property in the past year, because they use internet information on their "field" review.

Are you saying that you believe reviewers are doing field reviews from their desks without actually driving the subject and comps? Or are you saying that the reviewer is unaware of changes made to the subject property in the last year (or two or ten)?

As a reviewer, since I don't have first hand knowledge with regard to the type or quality of improvements to your subject, I expect you to have given me a good description of those improvements. Don't opine a value at the high end of the market without evidence that subject is truly comparable to the high end. If during my drive-by I find that all your comparables have slate siding and copper roofs and your subject has T-111 siding with a 3 tab comp roof, it's pretty obvious that there is a problem. But, giving you the benefit of doubt, I will look through the MLS and, if necessary, talk to listing agents and homeowners to make sure the slate siding and copper roofs weren't installed after the purchase of the home. That covers the exterior, now what about the interior? MLS says your comps have granite countertops, mahogany cabinets, hardwood and travertine flooring, etc. and you have not told me what your subject has and you have not provided any interior photos. Or, you have provided interior photos and I see laminated cabinets, chipped formica countertops, vinyl flooring that is curling on the ends, etc...

[TC]

Originally Posted by reliantappraisals

Most Review Appraisers really annoy the heck out of me.

I like this newbie.

despite his 2 and possibly 3 spelling errors.


TC

[Michigander]

Originally Posted by CURT VAN HOOSER

Are you saying that you believe reviewers are doing field reviews from their desks without actually driving the subject and comps? Or are you saying that the reviewer is unaware of changes made to the subject property in the last year (or two or ten)?

As a reviewer, since I don't have first hand knowledge with regard to the type or quality of improvements to your subject, I expect you to have given me a good description of those improvements. Don't opine a value at the high end of the market without evidence that subject is truly comparable to the high end. If during my drive-by I find that all your comparables have slate siding and copper roofs and your subject has T-111 siding with a 3 tab comp roof, it's pretty obvious that there is a problem. But, giving you the benefit of doubt, I will look through the MLS and, if necessary, talk to listing agents and homeowners to make sure the slate siding and copper roofs weren't installed after the purchase of the home. That covers the exterior, now what about the interior? MLS says your comps have granite countertops, mahogany cabinets, hardwood and travertine flooring, etc. and you have not told me what your subject has and you have not provided any interior photos. Or, you have provided interior photos and I see laminated cabinets, chipped formica countertops, vinyl flooring that is curling on the ends, etc...

Man,you are a reviewer! This is so incredibly typical...