Appraisal Reviewer

[Shirley Yukon]

Originally posted by Randy Beigh@Dec 2 2003, 10:09 AM
You have brought a lot of things into this thread. You started with the adjustment issue, then brought in your employer's business model, and now you appear to be on the age of your appraiser peers. You are all over the board and need to settle down.

Gee, I wonder why. I have 25 appraisers not criticizing me but insulting me and I need to settle down.

I may have prematurely stated I make an adjustment just so the reviewer doesn't question me but any adjustment I make can and is supported.

How many different ways can I say, I adjust up for pools, even if a comp doesn't show it? A house sold for less but has a pool. So what? I'm still gonna adjust up. To be honest, I haven't been in a area, in southern cali, where pools aren't desirable. If I go in front of a state board, I guarantee I can prove pools are more desirable. And you're telling me this is wrong???

 

[Shirley Yukon]

Originally posted by Wendy Boston@Dec 2 2003, 11:12 AM
I've been following this thread for a day or two..

Nor is longevity in the business a benchmark for quality.. Many number hitters are the darlings of the Real Estate Sales world.. reasons are obvious. What do real estate agents want? fast ! Certainly! and number hitters that never miss the target.. Of course..

25 report a week! Perhaps this reflects the efforts of an entire office and not just one appraiser. 25 inpsections in a week seems like a full time job, never mind producing a well researched, well executed opinion of value.

Are you sure you've been following this thread. If so pay closer attention or do you have ADD?

I said we were fast, we don't push value to hit #'s. Are you sure you were paying attention?

Now I know you weren't paying attention. I said in a previous post, our office of 4.

For an appraiser, you sure don't pay too close of attention to detail.

 

[Mike Garrett RAA]

Dear Shirely,

Once upon a time there was a young bull and an old bull standing on a hill looking down into the pasture at a herd of cows. The young bull snorted to the old bull, "lets run down there and get one of those cows!" The old bull slowly turned his head and said...."lets walk down there and get them all".

According to the Board of Real Estate Appraisers for the State of Colorado, the biggest problem facing the industry right now is YOU. Under trained, under supervised hot shot new appraisers who believe they have stepped into the promised land. Trainees doing 3 to 5 assignments A DAY with no regard to what they are doing. They have never met a property they couldn't appraise at what ever the lender NEEDS FOR VALUE and turn in the report in 48 hours. There is a lot more to appraising than rushing madly from house to house filling out a form.

By your own admission, when you slowed down long enough to catch your breath, you did a form of research to support you site adjustment. It is called the "extraction method" and is a form of paired sales analysis. All of your adjustments should be market driven and supported by data either in the appraisal report or the appraiser's work files.

You are young, hungry, and aggressive. Nothing wrong with that except sooner or later you will older and less hungry and agressive....I hope. Don't burn yourself out chasing the Almighty dollar or worse yet come foul of the law because you cut too many corners. The ASB is working now to put a stop to the kind of operation you have indicated you work in. Soon, only certified appraisers with years of experience and a good track record will be able to train newbies. Why? Because of operations like you have said you work in.

I may be old and I may be slow but I have been doing appraisals for over 24 years and have a track record I am proud of. Never been before the board of appraisers, never been in court except as a witness. I also teach the registered appraisers course for a local real estate college...we see many people just like you in the school, looking for the goose that lays the golden egg. Unfortunately too many of them get their goose cooked ... all in the name of speed and trying to satisfy a lender who could care less if you end up fined, license revoked, and even possibly in jail. Why? Because they can just go down the list and find another "Skippy or Skippette" who is willing to become YOU.

I wish you well!

 

[Chris Colston]

Well let's see.... when SHIRLEY first popped onto the scene she was Dr. John Lee and was wondering how to get lender approval because she was interested in doing some work on her own and away from the office she works in. NOW, the company is doing 20-25 appraisals a week, but she doesn't say how many she's doing.

So Shirley, are you still looking ot go out on your own? You'll need to submit SAMPLE appraisals to the lenders for REVIEW. :blink:

She also is not a mind reader so she can not figure out what the TYPICAL buyer in her market is thinking. She is not a mind reader so she has no idea what was inside the condos she has used as comps to determine the condition. I'll buy that, I'm not a mind reader either, but I know where my phone is and how to ask those questions and place the conversation briefly in my SUPPORTED adjustment grid. I don't know, I thought what the TYPICAL buyer did in an open market situation was what made the appraisal credible. Maybe I have something to learn from SHIRLEY and I should start doing it her way.

Or maybe she should go back to AB1, or whatever they call it in California.

Shirley, I sure am glad OREA has not caught up with the office YET. It's probably just because the reviewers have not gotten around to sending in reports from your office. They have only been in business 7 years??? I recently watched an appraiser in Florida have her certification revoked after 15 years in business on an appraisal she did 5 years ago!! Many of the state boards are backed up YEARS behind. I'm sure with the number of appraisers in California that is very true there. Don't worry about it too much, just keep keeping on the way you are doing things and someday....................... :twisted:

 

[Ghost Rider]

Very well said Mike...

This thread has become nothing more than beating a dead horse - I said I was done before, hopefully it will be over soon.

 

[Kevin Shannon]

I agree, that's an awesome post Mike Garrett.


Kevin

 

[Head Surfer]

This one is locked.

As for Shirley Yukon, if you want continued access to this board, send me an email and explain why you used a phony name twice? OREA in California lists both licensed, certified, AND trainee apprasiers and you possess neither license. You must possess one of those licenses to be doing appraisal work.

While this board is open to appraisers and non-appraisers alike and always has been, it is not open to those who use phony names, not only once but TWICE.