If you work in the same cookie cutter subdivisions

[Tim Hicks (Texas)]

And be lucky to find a sale with one or two of those features, let alone all of them.

I had to go 30 miles to get three sales remotely similar. (age and GLA, acreage 10+- different)

 

[Dublin ohio]

MARS can.

Planetary based adjustments

 

[Fernando]

I had to go 30 miles to get three sales remotely similar. (age and GLA, acreage 10+- different)

You got to do what you got to do.
Best to know beforehand so you can charge more for the extra work.
I always say extra work as an excuse to up my bid on orders.

 

[Tom4value]

Why do we have to show our work for the same adjustment we've done 10,000 times before for the same lender and same UW? And yes, my butt adjustments are spot on every time but a simple view adjustment shouldn't need a freaking matched pair (quantifiable) every time when I've done this a million times before. Yet another reason the VA is great to work for the same UW at the same lender doesn't say a peep about obvious simple adjustments but when it's a GSE/FHA I get static sometimes over the dumbest stuff. Rant over

I am guessing it is how you write your reports. Lemme guess, you wrote, “comp x is adjusted for view”. If you didn’t write that word for word, I can guarantee that is what the UW read. Yeah, I agree certain adjustments don’t require a detailed explanation (baths, garages, decks, etc) but view? View, location, quality and any across the board adjustments do require a detailed explanation of how you arrived at it.

Take your view adjustment. Without proper explanation, nothing says BS adjustment like a view adjustment. First, you have to explain what the view is, why it is positive or negative and show exactly how much it affects value. You said yourself that you have done that adjustment “10,000 times” and you claim it is “spot on”. Ok, I am sure you have some data to back it up, right? Put it in! Remember, using matched pairs to support an adjustment does NOT require comps to the subject property. It only requires sales with the same or similar attribute matched to other sales similar to that property. Saying you used data from your database is fine as long as you reference a property(s). Don’t just say, “taken from database”. Screams, “BS”.

 

[chad hampton]

I've never had anything questioned. When you get comments back, I assume whoever is asking the questions provides you what they think the adjustment should be and their rationale for it? Or do they just say, we think you're wrong (even though you're the expert), and that's that?

 

[sputnam]

Why do we have to show our work for the same adjustment we've done 10,000 times before for the same lender and same UW? And yes, my butt adjustments are spot on every time but a simple view adjustment shouldn't need a freaking matched pair (quantifiable) every time when I've done this a million times before. Yet another reason the VA is great to work for the same UW at the same lender doesn't say a peep about obvious simple adjustments but when it's a GSE/FHA I get static sometimes over the dumbest stuff. Rant over

Read USPAP. Fact is, you don't have to show your work. You have to summarize the support and rationale for your adjustments. Your client may have more stringent requirements. Something you should check on BEFORE you accept the assignment.

 

[chad hampton]

USPAP should be scrapped and sent back to the drawing board. As a young appraiser, I thought it was important, the more I learned in this profession about how it’s manipulated and twisted for certain people’s benefits and the detriment of the appraiser, I realize it’s a garbage document.

When’s the last time any of you were in a USPAP class where 95% of the class wasn’t mocking it? Again, not my opinion. that’s what you see when you go to these classes. Hell, you can tell in these classes that the instructors are following a script and they’re not allowed to deviate.

The writers of USPAP were pressured by the unethical stakeholders to remove any comments about the appraisal inspection, and how anybody performing this appraisal service needs to be supervised by a certified appraiser. It’s hard to write a book on ethics and morals when you have none.

Cindy took one look at this and started asking questions. Then she was immediately fired.

 

[Digger88]

Dude, try doing a 50-year-old house on 27 acres with 5 outbuildings and an arena. You can do the lot size and GLA adjustments, but just try to support the adjustments for a 1800 sf workshop, 3000 sf barn, 1800 sf barn, 33000 sf arena. There isn't any regression model with enough data to tell you the adjustments on each and every outbuilding. For that matter, the lot size adjustment. And, in today's underwriting world they will ask for the support for those adjustments. They are going to make it impossible to do complex rural assignments no matter what the fee. They don't want to hear the "market reaction" they want to see support for that market reaction.

yeah, the last 2 pita reports I had were ruralish I bracket the big ticket items the best I can and try to get it out. I'm too comfortable doing subdivision homes I could never work where some of you guys work.

 

[ucbruin]

yeah, the last 2 pita reports I had were ruralish I bracket the big ticket items the best I can and try to get it out. I'm too comfortable doing subdivision homes I could never work where some of you guys work.

What in the world possessed you to accept ruralish assignments....
Shame....

 

[Tom D]

I am easy big urban. See 3 row homes, seen them all. However, i assume that whomever will look at my appraisal, buyer, seller, agents, lender, servicing co, have not seen the other 10,000 similar row home appraisals that i did. Ever appraisal i do is a standalone, assuming it's new reading to whomever. Oh gee state board, didn't you see my comments on the other similar appraisals i did. You are assuming your brilliants comments have impressed the underwriters that they remember the answers. Even my big ego don't go there.

Right now my row home template is about 75% filled in. Can't wait to do every row home from scratch each time now with faster 3.6. Hahahahah, ouch.