Best AMC

[Mejappz]

what is zillow there for. they do not even follow USPAP. shows you how rigged sold out it is

Who knows. Most likely, they paid a hefty sum to get in. Pay to play—public relations ploy to save whatever credibility they have left.

 

[djd09]

zillow is a royal pain in my behind. every owner thinks there house is worth so much more because of them. lately, i tell the owner that zillow throws darts at a board to get a number. truth

 

[Fernando]

I work with different AMCs and banks every year. One would be good and next year you don't hear from them.
One may be bad and next year they're great.
I can't rely on clients since you can't control their orders unless you're the cheapest.
I figured when one client find enough cheap appraisers, client doesn't need me. Then I go to another client.
I figured there ain't enough appraisers to meet the demand for appraisals and there are plenty of clients now who need me.

 

[Alsie35]

zillow is a royal pain in my behind. every owner thinks there house is worth so much more because of them. lately, i tell the owner that zillow throws darts at a board to get a number. truth

No, they are not quite that sophisticated. Instead, Zillow pays "bait and switch", by giving you a WIDE range.

A property on Zillow will have a range of, for example,"$580,000 -$625,000" *BUT* that range is WAY DOWN on the page. What you see at the TOP of the page, in BIG letters is: "Zillow Estimated value: $625,000".

Get it? They are "pimping" the estimated value to the top of the range to encourage people to sell (and use Zillow). If I go to the house I just sold at (arguably) over market, they will list the "Zestimate" at about $25K MORE than what I just sold it for. Which is crazy.

Realtor.com is MUCH more of a reliable estimator.

 

[Tim Hicks (Texas)]

The best AMC is on the corner showing the latest movies.

 

[CGinMN]

Absolutely. As I said, I tracked and plotted quality vs fee for 8 years. When you assign objective scoring and plot scores against fee the result looks like a piece if paper that has been shot with a shotgun. No pattern at all. I know that is not what some think or what some want to hear, but it is what the data showed. And, was not the only chief appraiser who found that result. Are there good appraisers that charge more? Sure. But there are some who charge more who only THINK they are better

No offense, but if quality and fee were not correlated, and you had the metrics on who is doing good work and who isn’t, then doesn’t that say more about the AMC than the appraisers? What are you incentivizing if not quality?

I mean, I would simply pay the good appraisers more and the bad appraisers less. Then that shotgun pattern would flatten out into a nice neat line.

 

[Joe Flacco]

No offense, but if quality and fee were not correlated, and you had the metrics on who is doing good work and who isn’t, then doesn’t that say more about the AMC than the appraisers? What are you incentivizing if not quality?

I mean, I would simply pay the good appraisers more and the bad appraisers less. Then that shotgun pattern would flatten out into a nice neat line.

Industry definition of "quality" is probably different from your definition of quality.

 

[Joe Flacco]

Those cases in the news of two different appraisals being far apart probably both pass the industry definition of quality.

 

[The Bob]

Absolutely. As I said, I tracked and plotted quality vs fee for 8 years. When you assign objective scoring and plot scores against fee the result looks like a piece if paper that has been shot with a shotgun. No pattern at all. I know that is not what some think or what some want to hear, but it is what the data showed. And, was not the only chief appraiser who found that result. Are there good appraisers that charge more? Sure. But there are some who charge more who only THINK they are better

So, what were the main metrics you used to judge "quality"? And why would you keep using the same appraisers that were providing lower quality appraisals?

 

[TMG]

Somebody used "best" and "AMC" in the same sentence?