Appraiser Must Provide Specific Source. Avoid "Public Records....

[jay trotta]

Not only do I check deeds, I run a brief chain of title to cover five years. It literally takes less than 5 minutes

Just so we're clear there isn't anything in appraising that takes 5 minutes, if done properly. If it does, then no one can complain about accurate 24 hr turn times...........

 

[OSU Beavers]

Curious: regarding GLA discrepancies, do you review each case to determine which source appears to be most accurate, or rely upon a source by default always?

Case by case basis. Realtors are the worst. Even if they are given the correct GLA for each level, they will enter it incorrectly in the MLS. Assessor records depends on the field person who measured the house. For example two identical model homes will have different square footages listed on the tax roll. The square footage that a builder gives the city will be smaller than actual if he wants to save on permit fees. Blueprints or plans are usually correct, unless a change before completion is made.

No matter what you use, some smug checklist underwriter or reviewer will stip you for "Comp 2 GLA does not agree with Public Records" without stating where they got their information.

 

[Digger88]

I'm not calling an agent unless there is a big discrepancy somewhere. I use Spark my verification sources are MLS/Prince William Co Tax/Realist never had an issue.

 

[sputnam]

Just so we're clear there isn't anything in appraising that takes 5 minutes, if done properly. If it does, then no one can complain about accurate 24 hr turn times...........

Of course... you are wrong.

 

[jay trotta]

Of course... you are wrong.

of course there are those pesky waivers, less than 5 minutes, meets all data manipulation requirements...