Across The Board Time Adjustments?

[DARREN GODFREY]

You just did...your justification was based on this appraiser going with a market trend that said the value was increasing . I told you his data was flawed. Do you guys even understand that historically listing were not even considered in an appraisal at all...it was soley based on closed sales. The listing part of the appraisal we write today was inspired by the crash. So people were actually not increasing their listing prices ...so you as an appraiser could not go back further in time to "good days" now I am looking at an appraisal that is speculating towards a future value and you guys are calling me "Real Estate Police" lmao!
Amazing!

Please, post that link from any credible appraisal methodology. And I'll post my links supporting me. Let's make it fun. How about making a $100 a link bet?

Cool...let's start with why their are appraisers

 

[residentialguy]

Do you guys even understand that historically listing were not even considered in an appraisal at all...it was soley based on closed sales.

Fun to say, I'm sure. Post the link to support your assertion.

 

[DARREN GODFREY]

You just did...your justification was based on this appraiser going with a market trend that said the value was increasing . I told you his data was flawed. Do you guys even understand that historically listing were not even considered in an appraisal at all...it was soley based on closed sales. The listing part of the appraisal we write today was inspired by the crash. So people were actually not increasing their listing prices ...so you as an appraiser could not go back further in time to "good days" now I am looking at an appraisal that is speculating towards a future value and you guys are calling me "Real Estate Police" lmao!
Amazing!

Please, post that link from any credible appraisal methodology. And I'll post my links supporting me. Let's make it fun. How about making a $100 a link bet?

Cool...let's start with why their are appraisers

Please, post that link from any credible appraisal methodology. And I'll post my links supporting me. Let's make it fun. How about making a $100 a link bet?

https://en.wikipedia.org/wiki/Financial_Institutions_Reform,_Recovery,_and_Enforcement_Act_of_1989

Please, post that link from any credible appraisal methodology. And I'll post my links supporting me. Let's make it fun. How about making a $100 a link bet?

Appraisers were established to keep ...guess what speculative value out of the game bro.
This is why we have a job.

 

[DARREN GODFREY]

Fun to say, I'm sure. Post the link to support your assertion.

Ok , let's do better than a link find a person who has been appraising for over 20 years...let them tell you when listing were a must have in an appraisal report....let's do that. You can't make up all the rules.

 

[residentialguy]

Cool...let's start with why their are appraisers

Let's start with the issue. You say Market Value is based upon closed sales prices with no reconciliation to current day probable price. I say it is based upon the most probable price upon the effective date, with all the conditions of the definition of Market Value.

 

[DARREN GODFREY]

Let's start with the issue. You say Market Value is based upon closed sales prices with no reconciliation to current day probable price. I say it is based upon the most probable price upon the effective date, with all the conditions of the definition of Market Value.

Links bro...where are your links?

 

[residentialguy]

Ok , let's do better than a link find a person who has been appraising for over 20 years...let them tell you when listing were a must have in an appraisal report....let's do that. You can't make up all the rules.

Look no further. I started appraising in 1997.

 

[DARREN GODFREY]

Links bro...where are your links?

Your argument is based on speculation, it definitely has a place in the process...but it IS NOT THE PROCESS!

 

[DARREN GODFREY]

Look no further. I started appraising in 1997.

So tell me when did they start demanding listings?

 

[residentialguy]

Links bro...where are your links?

https://www.fanniemae.com/content/guide/selling/b4/1.1/01.html

Definition of Market Value
Market value is the most probable price that a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby:

• buyer and seller are typically motivated;
  
  
• both parties are well informed or well advised, and each acting in what he or she considers his/her own best interest;
  
  
• a reasonable time is allowed for exposure in the open market;
  
  
• payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and
  
  
• the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.