Tell us how you really feel about appraisers ...

[Surf Cat]

The "public trust" deal is squarely placed on the appraiser shoulders when the public really should be looking at the lenders, mortgage brokers, and Realtors whom are the real sharks in the water. The public doesn't see what George pointed out in post number 11.

As Glenn pointed out above, the public doesn't view the appraisal as a valuable asset in the transaction. The public "trusts" Zillow, Redfin, and Realtor.com for home values....not appraisers.

 

[alebrewer]

I've always thought the 'public trust' onus to be somewhat misplaced. Sure, appraisers uphold public trust when they perform credible appraisal services, but that's not the purpose of the assignment. Promoting and upholding public trust is something that would be done at the national level - by, say, an AI or a TAF or NAA. An individual appraiser simply does not have the bandwidth to uphold 'public' trust.

 

[glenn walker]

Two worst things in life for the average homeowner -the appraisers coming over or they have a Wednesday morning root Canal scheduled. Honestly the root Canal at least you get novocaine or gas. That cranky old appraiser shows up and starts mumbling some bull**** about ceiling heights or functional obsolescence and it's enough to give one a heart attack.

 

[J Grant]

The "public trust" deal is squarely placed on the appraiser shoulders when the public really should be looking at the lenders, mortgage brokers, and Realtors whom are the real sharks in the water. The public doesn't see what George pointed out in post number 11.

As Glenn pointed out above, the public doesn't view the appraisal as a valuable asset in the transaction. The public "trusts" Zillow, Redfin, and Realtor.com for home values....not appraisers.

I don't think they trust those services- they are free and so they log on and use them. The sites serve to make money, as a platrorm to advertise for RE agents and lenders and the free value service is a lead in.

 

[alebrewer]

Two worst things in life for the average homeowner -the appraisers coming over or they have a Wednesday morning root Canal scheduled.

I can think of much, much worse things for a homeowner to experience. Granted - some might call me macabre.

 

[chad hampton]

Two worst things in life for the average homeowner -the appraisers coming over or they have a Wednesday morning root Canal scheduled. Honestly the root Canal at least you get novocaine or gas. That cranky old appraiser shows up and starts mumbling some bull**** about ceiling heights or functional obsolescence and it's enough to give one a heart attack.

You should complain to your buddies on here, they’re the ones that are sticklers on stupid **** like ceiling height, and measuring to the nearest tenth of a foot. I’m an expert in my market and I know that my market doesn’t really give a **** about the nearest 10th of a foot or a ceiling is 6‘10“.

 

[J Grant]

I've always thought the 'public trust' onus to be somewhat misplaced. Sure, appraisers uphold public trust when they perform credible appraisal services, but that's not the purpose of the assignment. Promoting and upholding public trust is something that would be done at the national level - by, say, an AI or a TAF or NAA. An individual appraiser simply does not have the bandwidth to uphold 'public' trust.

True, but at the same time, the actions of each appraiser add or detract from the public trust.

 

[alebrewer]

True, but at the same time, the actions of each appraiser add or detract from the public trust.

I'd argue they add or detract from a minute piece of the public trust. In the sense the term is used in USPAP, it connotes a 'communal' trust - not trust at the individual level.

 

[J Grant]

Two worst things in life for the average homeowner -the appraisers coming over or they have a Wednesday morning root Canal scheduled. Honestly the root Canal at least you get novocaine or gas. That cranky old appraiser shows up and starts mumbling some bull**** about ceiling heights or functional obsolescence and it's enough to give one a heart attack.

That is inane even for you!
A tradesperson coming over with bad news, a huge bill, and digging out a wall is far more traumatic for an HO. If an appraiser spends 15 minutes in their house and asks a few questions, is that difficult for an HO? They need therapy.

 

[J Grant]

I'd argue they add or detract from a minute piece of the public trust. In the sense the term is used in USPAP, it connotes a 'communal' trust - not trust at the individual level.

The problem for all professions is that the actions of a bad few contaminate the image for all.

Most cops are honest, for the most part, but a small segment of dirty cops smears all of them. Same for all professions. After the HVCC, the appraisers who did not push value got the same punishment as those who were hitting inflated values -