Appraiser says he used "Atmostpheric" Adjustments"

[sputnam]

In review the appraiser states he uses paired sales and "atmostpheric adjustments " I have never heard that term but my associate says it's just a big word used that means a guess, made up or where the appraiser could not extract any supportable adjustment. I did not make an-issue of it but Your thoughts on this would be appreciated

Atmospheric adjustments are those that are pulled out of thin air. That's unacceptable.

 

[glenn walker]

Atmospheric adjustments are those that are pulled out of thin air. That's unacceptable.

His adjustments looked fine , so he is either a good guesser, or he recently updated his list of adjustments his mentor gave him back in 1999 : ) LOL

 

[ucbruin]

"His adjustments looked fine , so he is either a good guesser, or he recently updated his list of adjustments his mentor gave him back in 1999 : ) LOL"

As have we all....

 

[Renee Healion]

No. Not all. Cmon.

 

[Mr Rex]

Atmospheric adjustments are those that are pulled out of thin air. That's unacceptable.

At least he used the term Atmospheric to allude to "Pulled from air" rather than the alternative "PFA" possibility.

 

[Elliott]

Is it just possible, the appraiser has a workfile with more than enough data to 'prove' his atmospheric adjustments in a credible manner satisfactorily to peers? Who among us read the appraiser's workfile and is qualified to credibly render an opinion on his data and methods?

 

[glenn walker]

No. Not all. Cmon.

I still have my little adjustment handbook given to me by Chief Appraiser MAI in about 1986 from the infamous Lincoln Savings & Loans REO department.

1- GLA $20.00 per Sq.Ft.
2- Bathrooms $5,000
3- Bedrooms $3,000
4- Conditions - Everything is Average
5- Locations -Everything is Average
6- Views ( No adjustments )
7- Remaining economic life always 35 years.
8- Cost approach- No one cares just make sure its higher than the SC approach
9- If value is lower than SC- consult with manager before completing the report .
10-Garages at $1,500 per car space.
11-Covered patios at $2,000
12-Built In Pools at $4,000 to $6,000
13-Net & Gross adjustments 5% net & 10% gross If either exceeds 10% lower GLA or other adjustments.
14-Non-permitted additions are given no value and ( use red-pen on sketch ) to show area.
15-Seller paid concessions are typical for this market and no adjustments to be made.
16-Use scotch tape and not glue to place photos on paper.

Congratulations: You are now an-official Lincoln Approved team member : ) LOL

 

[Renee Healion]

Evergreen, that list. I am still seeing many of those adjustments used here. Published reports, used for court, for all the world to see.
Not matter the year, the market, the subject, the comps. AVMs look like a step up.

 

[ucbruin]

And yet the industry keeps chugging along....

 

[glenn walker]

When I get board sometimes I try different methods and one was to take a report and double my GLA adjustment from $75.00 to $150.00 and made no other adjustments on anything. The appraisal at $75 GLA included adjustments on conditions, locations, baths, and some tricky tacky line item adjustments for covered patios, and things of that nature. My Final OMV on both ended up very similar. Sometimes I wonder if all these adjustments are really valid : ) LOL