Appraisal Bias

[J Grant]

What I've said (ad nauseum) is that a property will display a range of value, not a point value. The fact that some of our users require a point value does not negate the simple fact that a property will never display a point value. As such, it is more meaningful to present a reconciliation as a range, not a point.

Now - you've just agreed with me that a property will display a range of value. Why are you so adamantly opposed to appraisers expressing value as a range?

You say things then deny youu said them - then accuse me of saying things I did not say
FAlse- I am not opposed to the appraiser expressing value as a range.. show me where I said that (I never said it ) I've always known and agreed a property can display a range of value.

What I said is that most of our clients need and ask for a point value. And that a point value can be developed and supported and that there we should have a reason we opine X and not Y as the point value
And here you go - right from the above

hat I've said (ad nauseum) is that a property will display a range of value, not a point value. ----and yet USPAP says an appraisal value can be a point value

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You sign your name next to a point value, but then you say a property will never display a point value .

 

[Zoe]

 

[alebrewer]

I am not opposed to appraiser expressing value as a range.. show me where I said that (I never said it ) I've always known and agreed a property can display a range of value.

This certainly sounds like you're opposed to appraisers expressing value as a range:

"I am aghast at all the appraisers who were and are willing to bury the appraisal profession with their praise of waivers and value ranges - hope they enjoy all the future leisure time coming heir"

Or are you saying that you didn't make that statement?

 

[J Grant]

This certainly sounds like you're opposed to appraisers expressing value as a range:

"I am aghast at all the appraisers who were and are willing to bury the appraisal profession with their praise of waivers and value ranges - hope they enjoy all the future leisure time coming heir"

Or are you saying that you didn't make that statement?

No, you extrapolated a meaning to my statement that was not there. My comment was about how certain appraisers statements over the year imo helped justify the waivers which wiped out half the appraisal orders

Which is not the same thing as saying value can not be expressed as a range, I am not opposed to appraisers expressing value as a range, i am opposed to the injurious statements about point values and asking only for a value range and not a point value , which imo caused damage to the profession on the res lending end

 

[alebrewer]

No, you extrapolated a meaning to my statement that was not there. My comment was about how certain appraisers statements over the year imo helped justify the waivers which wiped out half the appraisal orders

Which is not the same thing as saying value can not be expressed as a range, I am not opposed to appraisers expressing value as a range, i am opposed to the injurious statements about point values and asking only for a value range and not a point value , which imo caused damage to the profession on the res lending end

Umm... just admit when you're wrong, J. Your comment about how certain appraisers statements over the year imo helped justify the waivers which wiped out half the appraisal orders covers the 'appraisal waivers' part of your statement, but there's still that pesky 'AND VALUE RANGES' part of the statement. How do you sweep that one under the rug?

 

[alebrewer]

Which is not the same thing as saying value can not be expressed as a range, I am not opposed to appraisers expressing value as a range, i am opposed to the injurious statements about point values and asking only for a value range and not a point value , which imo caused damage to the profession on the res lending end

BTW - can you provide even one example of ANYONE saying they wanted to do away with point values and ONLY provide ranges of value?

 

[glenn walker]

Please they are not called "waivers" they are now called "Value Acceptance"

 

[alebrewer]

Please they are not called "waivers" they are now called "Value Acceptance"

And they don't account for half the volume going away. Rising rates accounted for that...

 

[glenn walker]

BTW - can you provide even one example of ANYONE saying they wanted to do away with point values and ONLY provide ranges of value?

Actually I have always promoted eliminating Point Values and only Using Value Ranges but now I only call balls and strikes

 

[CGinMN]

Waivers don’t exist because of statements appraisers made about point values and range values. What a weird argument.