Another "paired" appraisal allegation, Seattle

[TerryRohrer]

I think we should look to the Salem Witch Trials as the proper way to find racist appraisers:

"1. Swimming Test

As part of the infamous “swimming test,” accused witches were dragged to the nearest body of water, stripped to their undergarments, bound and then tossed in to to see if they would sink or float. Since witches were believed to have spurned the sacrament of baptism, it was thought that the water would reject their body and prevent them from submerging.

2. Prayer Test

Medieval wisdom held that witches were incapable of speaking scripture aloud, so accused sorcerers were made to recite selections from the Bible—usually the Lord’s Prayer—without making mistakes or omissions.

3. Touch Test

The touch test worked on the idea that victims of sorcery would have a special reaction to physical contact with their evildoer. In cases where a possessed person fell into spells or fits, the suspected witch would be brought into the room and asked to a lay a hand on them."

And there are four other tests, if the ones above don't work. Or maybe a really good review by an experienced appraiser would be better.

https://www.history.com/news/7-bizarre-witch-trial-tests

It seems like the first test would usually suffice. Oops, guess he wasn't racist! Next!

 

[ucbruin]

Think Trump would float....

 

[djd09]

I would bet somewhere in the shadows is a Fair Housing entity funded by HUD/taxpayers to continue pushing the narrative without revealing any actual or accurate facts.

i wonder if junia gets any funding from ftx?

 

[DTB]

The H.O. stated that the house next door sold for $1M. The house on the right is a little dump and the house on the left is a large 2 story which dwarfs his house. How is that a relevant sale?

 

[Dublin ohio]

The H.O. stated that the house next door sold for $1M. The house on the right is a little dump and the house on the left is a large 2 story which dwarfs his house. How is that a relevant sale?

It was actually the house across the street that sold for 1.1M

 

[DTB]

It was actually the house across the street that sold for 1.1M

So, another inconsistency in the narrative.

 

[redfish]

I had not taken seriously the idea that appraisers were ethnically biased in coming to value conclusions, as in each and every instance, in every neighborhood, I have done the research to let the numbers bring me to the value. Square footage, condition, views, upgrade quality and quantity, time on market, etc.... until a year or so ago when I did an appraisal on a somewhat unusual property. It was on a large suburban parcel, started with a 3200 sf 2-story house... then 2 more SFRs were recently built on the lot, all occupied by the same family, all creating a family compound. After I did the measurements and photos, the owner pulled me aside to thank me for being professional and courteous to her, which I thought was a bit unusual. Then she told me that the LAST appraiser who had come through with his side kick, sat down on her couch and said to her that it looked like she was "N**g*r Rich"! Honestly, I was shocked; still can't get that episode out of my head. It hurt my heart to hear that, and reflect on how uneven/unfair life is for some of us, how we may be misjudged or treated like "less than" by another person due to our color, religion, or any other irrelevant-to-value fact. That incident should never have happened, and makes me think how unprofessional and rude that appraiser was. We earn our living giving unbiased value opinions to our clients. Thank goodness we even HAVE clients and borrowers that require our expertise in order to move forward with their financial goals. I truly hope that was an aberration, but it was a terrible reflection on our profession and the trust consumers place in us.

Did you ask who the appraiser was?

 

[Sandra Koutsopoulos]

I didn't ask at the time; didn't want to poke my nose into something; didn't want what I heard to affect my own personal interactions/judgments with fellow appraisers. I could certainly call her at this point and ask, and if an entity that was investigating such behavior asked for her contact info, I would give it and let them investigate to discover the facts. I'm not the bias police.

 

[djd09]

it seems they know the neighborhood and talk is cheaper when the story is good and the tales grow taller on down the line but I'm telling you that I don't think it's true and even if it is, keep this in mind

 

[Carnivore]

You're looking at the few, I've been looking at the many. I start my analyses from the macro to get the context and work from there. I don't start my analyses by looking for the few. That means I'd be looking for C4s with no offstreet parking first.

You can still see all those actives in that neighborhood, right?

In the older sections of my City and Charlotte the Streets are fairly narrow. so Off Street Parking has considerable Value. OTOH in my much newer Neighborhood the streets are wider, everyone has a driveway AND if you have Guest who park on the street it does not impede traffic.

In the older neighborhoods of my City the style and design of he homes are different but still very similar to the period(decade or two built). Lot frontage varies. I found that even though the style may be different, it did not seem to effect price. OTOH Interior Refinements((modernized/updated) is where the value is along with the off street parking. Corner Lots all seem to bring a premium. Haven't been able to figure out why until the owner of a corner lot told me. She said it was because she had more street parking for Guest. I have not had the opportunity to ask the question of other corner lot owners in that hood.