Are you charging for additional comp requests?

[c w d]

I think the additional comparables requests we're see are automatic. How else can you explain the request when you have 3 model matches, 1 within 10 days, 1 with 90 days and 1 within 6 months and a tight comparable sale price and adjusted sale price range with less than 5% net & gross adjustments, plus 1 pending and 1 active sale within 4% of the indicated opinion of value, detailed neighborhood description and market analysis and a legit cost approach? What about that indicates a large margin for error? I got a request for 2 additional comparables. Personally, in this market I think MOST of the time the requests are automatic. The question is, why are they automatic? Are we providing them with additional data with which to swap out two potentially less favorable (in their opinion) comparables? Are we being mined for additional data to assist the automated models? I don't know.

 

[starmansf]

Oh, I understand at what point I become in control. Its usually when they tell me they have an appraisal but can't use it because... (fill in here)

Yesterday they couldn't use an appraisal because the other appraiser used the old form and didn't have access to MLS (why did he take the assignment and why are you going along with this lame explanation?!!)

Value isn't an issue! per agent) (600 sq.ft. / 1 bd rm / 1 ba / below average condition). Appraisal value at $400,000 / last week). We appraised it in 3 hrs. at $300,000.

Guess what the problem was? value.

Oh yeah, instantly, value is an issue.