Appraisal questions

[Lost faith]

A side by side review by a qualified and experienced reviewer. If what you want to know is which appraisal is more credible, I can do that for you. If you want someone to verify comparable data, etc.. you'll need someone who is local.

Can you tell me the best way to resulve a low ball appraisal that the state has already repremanded the guy for.what should I do now??

 

[bnmappraisal]

I've never seen a private appraisal that was "subject to". They all are "as is".

I've done plenty of private/non lending appraisals "SUBJ TO" XYZ
It comes down to SOW and what my client is looking for - i.e. off the top of my head, one was SUBJ TO kitchen remodel. It was a private sale (landlord to tenant) and they wanted to know Market Value "SUBJ TO" the kitchen being updated. Bing bang boom report completed

 

[Terrel L. Shields]

I've done plenty of private/non lending appraisals "SUBJ TO" XYZ

Again, personally, I've never seen one "subject to" - I can see that if you are asked for a what-if analysis, it could apply. But personally, again, I've not seen or had a single assignment in 31+ years of a private "subject to".

 

[Tiffany Gibbons]

Can you tell me the best way to resulve a low ball appraisal that the state has already repremanded the guy for.what should I do now??

Sounds like they did more than reprimand him if the licensing board took away his license.

 

[J Grant]

A few months ago, I pointed out a USPAP fail to an appraiser. The appraiser's response was something like ' I've been an appraiser for 30 years and I've never heard that in a USPAP class'. I had to refer him to the applicale part of USPAP (btw, it was SR 2-2(a)(xiii). I do reviews that don't include my opinion of value, including agreeing with the OA's value, every day. They are a thing, whether you've ever seen one or not.

I am aware there are QC reviews that do not include an opinion of value, which just address housekeeping issues or a possible USPAP violation.

You were talking about doing a 2000 form a field review and then not answering the did agree or did not agree with value . I will accept your word you've been asked for that by a client, but in my experience of 3 decades appraising and reviewing and interacting with peers doing reviews I never heard of it.

I do reviews that don't include my opinion of value, including agreeing with the OA's value, every day.

? If you agree with the OA value, then you gave an opinion of value ( the benchmark of the OA value ) .

 

[Zoe]

I am aware there are QC reviews that do not include an opinion of value, which just address housekeeping issues or a possible USPAP violation.

You were talking about doing a 2000 form a field review and then not answering the did agree or did not agree with value . I will accept your word you've been asked for that by a client, but in my experience of 3 decades appraising and reviewing and interacting with peers doing reviews I never heard of it.


? If you agree with the OA value, then you gave an opinion of value ( the benchmark of the OA value ) .

I agree with you JGrant. USPAP applies. If you agree, you have pretty much done your own analysis and said I agree with the OA value. You have done an appraisal. That is like telling someone out on the street that says so and so said my house is worth $X. What do you think? If you say you agree or disagree, you have done an appraisal.

 

[Mark K]

talk about curuption in real estate.

Its probably more like incompetence than corruption, but, like most of the issues here, we see only the side of the poster.

Some old saying (ish)...Don't attribute to malice that which can be explained by stupidity.

 

[sputnam]

Can you tell me the best way to resulve a low ball appraisal that the state has already repremanded the guy for.what should I do now??

Maybe... But you will need to be clear about what you mean by 'resolve' the appraisal.

 

[shrubberyvaluation]

Maybe... But you will need to be clear about what you mean by 'resolve' the appraisal.

And I doubt the state reprimanded the appraiser for a "low ball" appraisal. For all I know it could of been some USPAP issue that had nothing to do with assignment results. The OP is being vague, seems to just want to hear something so they can say they are right.

 

[Tom D]

A f

a field review 2000 field review or its counterpart desk review asks the reviewer do you agree or disagree with the original appraisal value. If the reviewer marks agree, they have provided an opinion of value (since value can be a benchmark, the benchmark in this case the OA value )

Whether the reviewer marks agree or disagree with the OA opinion of value, the reviewer has also done an appraisal because they have provided a value opinion, either as a benchmark of the OA value or they develop a new value -

thanks grant, i never heard 'benchmark' used before. always can learn something here from the smart people.