Amazing!

[Karl]

"In my opinion" some of the best appraisers are found in this forum. However having said that I find it Amazing, Amusing, Frustrating, that just about any question asked there is no consenses on an answer. Examples Can we or can we not do a ReCert of value. Definition of Suburban, Rural Urban. Anything to do with Manufactured Homes ETC ETC until we get our own act together HOW are we to get any crediblity with the Industries that THINK we are the division of the deal that puts everything into a "Tailspin"

 

[Jeff Horton]

"I find it Amazing, Amusing, Frustrating, that just about any question asked there is no consenses on an answer. Examples Can we or can we not do a ReCert of value. Definition of Suburban, Rural Urban. Anything to do with Manufactured Homes ETC ETC until we get our own act together HOW are we to get any crediblity with the Industries that THINK we are the division of the deal that puts everything into a "Tailspin"

Since most if not all of what you mentioned are "Gray" area's how do you suggest we resolve this?

 

[Mike Simpson]

Debate is good!!!

I've often made comments or mistakes in posts, and had an alternate view point or correction made very quickly.

Those who've disagreed with me have made me think, as have those who've corrected me

If we all thought or interpreted things exactly the same there'd be no need for us.

-Mike

 

[Carnivore]

I could not agree with Mike Simpson more!

If we look at a large portion of the post there seems to be two common elements of which are sometimes together other times not. These are the effort to keep cleients happy and the ffort to keep the USPAP police happy.
In all case the tails are wagging this dog and I am beginning to resent it.

Take for example updates, recerts, or whatever, this is nothing more than a lender trying to get more work from you at a much cheaper rate. What if you just SAID NO. What choice would they have. They either do it your way or get someone else to do it for a full fee. Anyway you look at it WE WIN. Considering how much work is involved complying with USPAP I am not so sure we should not be charging a premium.

Other areas tick me off also. Take the 2055 drive by, whoppee lots of time saving going on there right. Wrong, you still have to comply with USPAP and its much harder if you leave something out because we have to tell them what we did not do. Seems like a 2055 should be more expensive.

The list goes on and on. When will we wake up, stop trying to appease the lender considering how hard USPAP is to comply with when you step sideways on anything.

Am I the only one who see this madness?

 

[larryhaskell]

My wife and I don't agree on everything either but we've been married over 32 years with plans for many more. That doesn't mean we don't have vigorous discussions though.

Andrew:

We all have the option to do recerts, updates or any other assignment we choose. I don't do updates but I will do a drive by on the property. I tell the lender, I charge the same for a drive by or update. They always say OK. You read this forum enough to know that many appraisers here fire lenders all the time. Just fired one last week myself that probably would have sent me 10-20 assignments a month. He wanted me to rubber stamp every sale regardless of the sale price.

Regarding trying to appease the lender. I don't think most of us on this forum do that. However, arrogant appraisers in the past, believing they were in charge found out the truth. That is what lead us to our present situation. It's one of the reasons we have AVMs and BPOs.

I'm not suggesting we cave to lenders, but realize they provide us the opportunity to make a living. Keep looking for honest lenders, there are some out there.

 

[Verne Hebert]

What I find most amazing is how incredibly varied the markets about the nation are..............and the fact that the Feds attempt to create rules for all areas to follow....And then we consider state and local laws into the process.

Granted. A large percentage of the contributors to this forum are in complex markets. But it gives incredible insight to the processes and solutions to the daily problems we all confront in valuing property throughout the nation.

I find the forum to be a huge resource! It is a dynamic business with dynamic solutions.

 

[Larry Lyke]

BUT, we all do agree on one thing. It your name on the line.

It's a business.

Treat your Client the way you want to be treated in turn. It works.

Production appraisls should have backbone, i.e., format structure so the boilerplate helps, not hinders, you to produce a stunning-winning report. I do more erasing and rewriting in place in my reports than new, creative writing.

My standard report, even fairly complex appraisal, has a one-page addendum. At most, two pages -- 2nd page barely half full.

A full report has 13-16 pages, which includes the invoice, the table of contents and maybe an extra photo page and possibly an extra comp or two.

NONE of these run-on addenda or filler pages from the birdcage that come full circle on the SAME page!!

 

[Ida S. Romo]

What is really amazing is how some of the folks who post on this and other boards will twist FNMA Guidelines, USPAP and other solid appraisal advice to suit their own needs....or should I say their own eventual demise......just to keep the bucks coming in......and .......I say to that.....I hope that all of you less than honest & ethical appraisers "salt it away" because attorneys cost mucho $$$$$$$...... E&O doesn't cover fraud.

One positive outcome for those who will pay the piper.........while they are becoming first-hand experts on appraisals of jails and prisons.........the honest and ethical appraisers will have more business than they can handle.........just another form of (appraiser) population control ........... Keep it up ####s makers....... the more numbers you fudge, the quicker my business grows!

Ida :lol: :lol: :lol:

 

[jtrotta]

Larry

Gray area / grey matter; seem ta work along the same lines, therefore the answer's will always be varied.

Verne
and the rest, I came into the business with a simple thought and that was to find a business I could control and make a living at, no more/no less. Other's who came into the business and thought/think they can make "mega bucks" haven't any grey matter.

What I've found over the years is that if you can create a decent income, you can venture some of that capital into other things (Real Estate Investing Etc.) and make some good money over time. Get rich schemes are exactly that, "schemes" for someone else.

Ida - yep my thoughts exactly (well almost ) I just keep workin and they come, I don't offer far fetched time frames; keep everything real simple and the work has been non stop for over 15+ years - thats a long time to survive in this business.

8)

 

[Bill_FL]

Dont get frustrated.

I had a continuing ed instructor once say..

Arguing with an appraiser is kind of like chasing a greased pig. After a while you realize the pig likes it.
I think the debate on this forum is very good. It makes us all think about what we are doing.