Appraiser Price Opinion (APO)

[Ariba]

Like to know what you think about this service?

http://www.appraiserpriceopinion.com/

Appraiserpriceopinion.com will basically perform a full appraisal for $65 without the physical inspection of the property. The client (realtor, Investor, Homeowner, or anyone else inquiring as to the estimated market value of a property) will be prompted to input information and photos of the property. County data is used for the subject property information unless the person inputting data informs the appraiser of differences that should be considered. APO will identify the 3-6 best comparable sales and 3-6 best comparable active listings, utilizing the MLS. The APO is completed by a licensed or certified appraiser to give you a professional market analysis with real adjustments based off market data in your area.

APO emphasizes that these are not full appraisals and not to be used for lending puposes.

 

[Couch Potato]

So he is selling desktop appraisal, but won't sell them to lenders. He is very clear with the clients that it can't be used to borrow money. Sounds like someone with a reasonable plan to generate revenue. A Zaio report with less hassle and no upfront fee.

 

[xm72mhd]

If he is an appraiser completing an appraisal he has pretty much the same duties whether it is a loan appraisal or not.

 

[Hank Henry]

There were some glaring USPAP mistakes- like "this report form is not designed to report an actual appraised value"

They tried to follow USPAP somewhat.

 

[Colorado Guy]

Wow - they provide coverage in the following areas:
Arizona
Apache Junction
Avondale
Buckeye
Care Free
Cave Creek
Chandler
Fountain Hills
Gilbert
Goodyear
Mesa
Phoenix
Peoria
Rio
Scottsdale
Sun City
Surprise
Tempe
Tucson
Queen Creek

Hawaii
State Wide

Colorado
Arvada
Aurora
Boulder
Brighton
Castle Rock
Centennial
Colorado Springs
Commerce City
Dacono
Denver
Edgewater
Englewood
Erie
Evergreen
Federal Heights
Firestone
Fort Collins
Frederick
Golden
Greeley
Greenwood Village
Lafayette
Lakewood
Littleton
Longmont
Loveland
Parker
Thornton
Westminster
Wheat Ridge

Nevada
Boulder City
Carson City
Fallon<
Fernley
Gardnerville
Henderson
Las Vegas
Mesquite
North Las Vegas
Pahrump
Reno
Sparks


wonder if they are licensed and locally competent in those areas?

I filled out the form for the free star buck card!

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please do not put others personal information in our forums without their permission!

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I could find no #### licensed as an appraiser in Colorado - and I do realize this could be a webmaster. - just fyi

 

[Colorado Guy]

A little more research revealed a licensed appraisers - Chad Sires from Colorado is running this show.

 

[Vegan702]

wonder if they are licensed and locally competent in those areas?

I filled out the form for the free star buck card!

The owner of the web site is:

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personal information removed

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I could find no ##### licensed as an appraiser in Colorado - and I do realize this could be a webmaster. - just fyi

Competent to do what?

 

[Walter Kirk]

Any opinion of value expressed by an appraiser IS AN APPRAISAL. If the "appraiser" is licensed or certified it must comply with USPAP. Any appraiser doing these things for $65. is either stupid or a fool. The company doesn't care if the appraiser looses his license.

 

[Otis Key]

And for taking a chance of putting your license on the line you get a whopping:

DESCRIPTION AMOUNT TOTAL

Appraiser Price Opinion 64.95

It's an appraisal! Period! Can dance all you want, but you're called an appraiser, providing an opinion of value.......................


​

 

[Vegan702]

And for taking a chance of putting your license on the line you get a whopping:

It's an appraisal! Period! Can dance all you want, but you're called an appraiser, providing an opinion of value....................... ​

Can't you right a scope that is very limited and do these appraiser price opinions and not be in violation of USPAP? They have appraiser assisted AVMS and from what I have read are perfectly legal. These seem no different.