54 Page Residential Appraisal Report

[Peter LeQuire]

Huh? I got couple pages of boilerplate in my report too. I don't know what you are getting all defensive about.

I don't think I was being defensive. I happen to have experienced years of having to resend, or clarify, or otherwise waste time and band width sending explanations or clarification of factual information or conclusions that are - at least in my opinion - adequately explained in the initial report. The request to explain why one three months' period reporting fewer sales, or lower rates of absorption, or lower median prices does not constitute a trend is - IMO - silly, defensive, and inconsistent with review by someone with any training at all. But it comes up regularly and frequently, and I've a hot key generating "boiler plate" to deflect having to address that matter de novo for each report

We owe lenders and their agents in appraisal management professional reports of accurate analysis, clearly reported and adequately supported. They owe appraisers at least semi-professional review, a knowledgeable review, and reasonable requests for follow up. We're not remedial English prose consultants, reading coaches or psychiatrists hired to cure reviewers' insecurities. I understand the frustrations of AMC managers and PMI underwriting managers - I really do. But the burden of providing knowledgeable review is theirs, not mine.

 

[residentialguy]

Exactly. So I say again, how about a 3 page report....Even better, start charging for assignment conditions that exceed minimum requirements.

Dream on.
Btw
1. Much of what I put into the reports go above "minimal" in the event that it should land in court and those additional steps become essential.
2. I have always charged a premium for my reports

 

[Deleted member 130081]

Dream on.
Btw
1. Much of what I put into the reports go above "minimal" in the event that it should land in court and those additional steps become essential.
2. I have always charged a premium for my reports

What if the report lands in outer space? Maybe you should start considering and acting on that possibility too, I mean, you never know. God forbid you just retain that stuff in your work file right?

I am glad you charge a premium. It is comforting to know there is at least one other appraiser out there besides myself who has a shred of self-worth.

All kidding aside, one thing that is disturbing to me, aside from the fact that appraisers love to work for as close to free as possible, instead of the other way around as all other businesses do, is that USPAP requires appraisers to do as other appraisers do. So, once appraisers start proclaiming all this extra stuff actually is necessary, then what was once an additional service becomes a necessary requirement under USPAP. That is why I said what I said in terms of appraisers recognizing the difference between what is really necessary and what is an assignment condition add-on. Is it just a dream to think that for a change we could act in self-preservation? Probably.

You may say I'm a dreamer, and I am the only one....

 

[residentialguy]

What if the report lands in outer space? Maybe you should start considering and acting on that possibility too, I mean, you never know.

Well...If it did go into outer space, mine would be a little meaty-or

 

[Peter LeQuire]

Well...If it did go into outer space, mine would be a little meaty-or

Ouch!

 

[residentialguy]

I've been told my reports are out of this world!

 

[Deleted member 130081]

Well...If it did go into outer space, mine would be a little meaty-or

PS - saving up my good cheese for ya.

 

[Mike Garrett RAA]

Don't really want to date myself but when I first started appraising the FHA appraisal report was one page hand written with a black and white photo stapled in the upper left hand corner.

 

[Deleted member 130081]

Don't really want to date myself but when I first started appraising the FHA appraisal report was one page hand written with a black and white photo stapled in the upper left hand corner.

Yea baby! The good old days are now officially the good old days.

 

[residentialguy]

The good old days

My first appraisal id card: