Are we considered an essential service?

[NJ Valuator]

Are we still permitted to inspect in NJ?

 

[Frederick]

I sent an email to the state appraisal board but did not get an answer yet. Other states (Illinois) classifies us as part of banking from what I read on another site and therefore essential to keeping capital flowing into the market.

 

[ScottH]

Oops - didn't realize I was posting in the NJ forum! Sorry about that!

 

[BarbaraNJ]

Are appraisals an essential service?

The appraisal industry is in a tight spot since not only is the majority of their work conducted in person, but they’re experiencing a surge in demand. Their job forces them to enter client homes when social distancing rules are stricter than ever, creating mounting concern as COVID-19 continues...

www.housingwire.com

 

[Meandering]

Are appraisals an essential service?

The appraisal industry is in a tight spot since not only is the majority of their work conducted in person, but they’re experiencing a surge in demand. Their job forces them to enter client homes when social distancing rules are stricter than ever, creating mounting concern as COVID-19 continues...

www.housingwire.com

don't get side tracked by those who have an undisclosed financial stake.

The governor's website.

The Official Website of Governor Phil Murphy

The official website of the 56th Governor of New Jersey State, Phil Murphy.

nj.gov

But the bigger question should be, not if you have to stay home, but if BUYERS have to stay home,
do you have an OPEN and COMPETITIVE market. Does "the market" pose any undue stimulus as of the effective date?






And when those borrowers are underwater later,
and are still under lock down,
do you think they will look to recoup their losses,
by at least reading their recent appraisal?


.

 

[Riick]

... but if BUYERS have to stay home, do you have an OPEN and COMPETITIVE market. Does "the market" pose any undue stimulus as of the effective date?

Which is exactly why, in a much earlier thread, I was predicting some attorney (c.2025) saying something like:
"You knew, or should have known, that any appraisal made during early (or middle, or end) stage of this crisis would necessarily be invalid, given the Certification you signed !!!" Blah, Blah, Blah.

.

 

[Meandering]

Which is exactly why, in a much earlier thread, I was predicting some attorney (c.2025) saying something like:
"You knew, or should have known, that any appraisal made during early (or middle, or end) stage of this crisis would necessarily be invalid, given the Certification you signed !!!" Blah, Blah, Blah.

.

Exactly!

And a reason to keep a running list of dated headlines that "buyers" would be reading.

Oh and unemployment reports, and stock reports (especially banks) and oh my, REITs and their stocks.

 

[Meandering]

Trump considers ‘enforceable’ quarantine in New York, New Jersey and parts of Connecticut
“I’m thinking about that right now. We might not have to do it but there’s a possibility that sometime today we’ll do a quarantine,” Trump told reporters at the White House Saturday. “Short-term, two week on New York, probably New Jersey and certain parts of Connecticut.”



Hey honey! Let's go look for a new house to buy.

If no one else can leave their homes.

Us essential workers will get a great deal at "market value".

 

[ucbruin]

It's not as if this is a local flood or tornado or blizzard that hit a small section of a state....

No investor/lender really needs to be alerted to the pandemic....

 

[Meandering]

It's not as if this is a local flood or tornado or blizzard that hit a small section of a state....

No investor/lender really needs to be alerted to the pandemic....

Apparently essential appraisers and their carrot danglers do.









The US economy has come to a standstill, satellite imagery shows