1004MC & Neighborhood Section page 1

[DWiley]

Hey, as long as it fits on those 8 lines...

Yeah. We must always be careful not to write more than will fit on the pre-printed lines. Wouldn't want to lose our form-filler license.

 

[Don Clark]

Sorry to deviate from the thread, but.... Danny, just where are you teaching the course?

I don't need any CE right now but I would come anyway if it's close enough.

 

[CANative]

For example, I see a day when the standard residential report will have to include support for the adjustments.

Good. Thousand dollar residential reports that take three weeks. And only a handfull of appraisers that can do them.

 

[hastalavista]

Good. Thousand dollar residential reports that take three weeks. And only a handfull of appraisers that can do them.

Ditto!
12345

 

[DWiley]

Good. Thousand dollar residential reports that take three weeks. And only a handfull of appraisers that can do them.

Just as we have now have great tools that let many appraiser do market analysis in a few minutes, I see similar tools being developed to support adjustments. In fact, I know one such tool will be out soon.

I think some "appraisers" would be shocked to see actual market extracted adjustments. I looked at a report yesterday - $950,000 sale price, new home. Garage adjustments - $2,000 per car. I think his list is out of date.

 

[residentialguy]

Ditto!
12345

Ditto here, too.


That's about a handfull. I'm sorry, but everyone else will have to do BPOs. Thanks for your support.

 

[residentialguy]

I think some "appraisers" would be shocked to see actual market extracted adjustments. I looked at a report yesterday - $950,000 sale price, new home. Garage adjustments - $2,000 per car. I think his list is out of date.

What an idiot. Doesn't he know it $2,500 now? :icon_mrgreen:




Do tell about the new adjustment tool

 

[CANative]

Adjustments are mini-appraisals within the larger appraisal. They are opinions. Some adjustments rely on judgment, experience and inferred analysis based on years and years of collecting and working with data. To suggest you can support a fireplace or lot size adjustment from the limited data in a mortgage appraisal assignment is just silly for the most part.

Appraisal power users need to get rid of idiot appraisers and stroke and groom the good appraisers so they can't just believe what they say.

 

[residentialguy]

HEY MENTOR,

Clear out your messages!

"Mentor has exceeded their stored private messages quota and can not accept further messages until they clear some space"

 

[NC Appraising]

For all who are now so perplexed about what a "neighborhoood" is - If this term is so nebulous, how in the world have you been providing "neighbohood" boundaries all these years?

That hurt, and I will never for give you.


Let me xplain where I was coming from and trying to get to.

First, take out the unique or complex properties. I'm not talking about those.

I read here and see on other appraisers reports that many times there is not enough data to draw meaningful results, and I often see a small amount of data in the 1004mc report.

This leds me to think that most is just using data from the "subdivision" only and not the entire "neighborhood".


Before the 1004MC, at the top of page 2, I used to se very high numbers such as 40 active and 30 sold. Now on the 1004MC, they may have a total of say 5-10 closed sales.


Either appraisers have changed the meaning of a "neighborhood" or they are intentionally narrowing the data because there lazy axxes or just Skippie's?