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Verifying Sales With a Realtor

Do you verify/confirm sales with Realtors and/or buyer/seller?

  • I verify/confirm sale comparables with a party involved in the transaction (Realtor/buyer/seller).

    Votes: 56 56.0%
  • I do not verify/confirm sales with a party involved in the transaction (Realtors/Buyers/Sellers).

    Votes: 23 23.0%
  • Flawed poll/dumb question/poll creator is an idiot/etc.

    Votes: 21 21.0%

  • Total voters
    100
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Denis, Denis - you know I love you, but what the heck are you STAPLING? How do you 'staple' electronic files? Please tell me with all your geek computer sense, you're not keeping <shudder> PAPER </shudder> files? I'm so disappointed in you! :sad::confused::cryingsmiley:

Going full-digital is #3 on our list of #4 things to get done this summer!! :)
 
Thanks Calvin, I needed a template for the Fugly Realtors, the hot ones get a call just so I can hear their voices.woohoo

Beauty is a relative term. Next to me, most people look beautiful.
 
Going full-digital is #3 on our list of #4 things to get done this summer!! :)

Of course #2 involves an expensive german sports car and a supermodel so don't hold your breath for making it to #3.
 
I use something similar (I try to keep it between 3-5 questions) and then put plenty of space between the questions in my email. When I get the return, the answers are usually written in the space under each question.
I staple it to my MLS/tax record sheets and, voilà! Work-file ready! :)

You're right and it's an important point to emphasize. The shorter the question the better. The fewer the questions, the higher the rate of response.

I often omit the arms length question, it is somewhat redundant of the seller motivation question.
 
To those appraisers who just don't do it, and don't care, and still feel you make credible reports, I recommend you just try it out. It's not that bad. I just did it, and it feels good man. It feels good to verify your sales verbally with another human being. Try it, all you lurkers who are just reading these posts. Try it.

I just verified 3 more sales, and then I even asked a question of a broker on a listing. I'm appraising, look at me go!
 
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Last week I called a newbie agent to ask about activity on a listing of his. I was informed his consultation fee was $500 an hour. After I verified he wasn't kidding, I advised him that "what goes around, comes around" and hung up on him.

This morning I called a veteran broker about a sale of his and we discussed the market for about 20 minutes.

Newbie's loss.
 
Last week I called a newbie agent to ask about activity on a listing of his. I was informed his consultation fee was $500 an hour. After I verified he wasn't kidding, I advised him that "what goes around, comes around" and hung up on him.

This morning I called a veteran broker about a sale of his and we discussed the market for about 20 minutes.

Newbie's loss.

To Noob agent:
"Guess who I'm NOT going to recommend to the heir's when I'm doing an estate appraisal next week."
 
most of the time. also most of the time you get voicemail. other times they don't remember. also per new rules realtors cannot be used as a verification source because they are/were an interested party. so whats the point to call them.

If you mean certification number ten, it refers to the subject transaction.. . NOT the comparable transactions! ...

Sheesh.....

m2:
 
To Noob agent:
"Guess who I'm NOT going to recommend to the heir's when I'm doing an estate appraisal next week."

I work on the commercial side of an appraisal office which also has a residential side. My subject is a mixed-use project and I was calling this agent about a residential unit in a similar project.

One of the principle appraisers on the residential side has been working the area for about 30 years and is the "go to" guy for the many multi-multi-million dollar ocean and ICW front properties in the area. He knows every broker that is anyone. I asked this appraiser if he knew this agent; he did not, but he knew the agent's broker very well. Half an hour later I was advised that the broker took care of the "problem" and I could call the agent back. Not that I had any intention of doing so on this occasion or any other.

The agent apparently never heard of the economic principle of substitution.
 
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Flawed poll. Sometimes I do, most times I don't. I have 3 data sources that typically allign like the sun, moon and the stars on most sales.
 
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