Class Appraisal Absurd Revision Requests

[Overimprovement]

They're not trying to tell you what to think or what to value the property at. They're trying to avoid handling or retaining documents in their loan file that can be interpreted by their borrowers, their regulators, their investors and the public as being an implication or evidence of treating people unfairly. Those perceptions lie in the eye of the reader. Not in the eye of the writer. The writers need to be smarter than the readers about how their verbiage can be misconstrued. Especially when some of those readers are trying to play the litigation lotto so they can get something for nothing.

Do you want to win or not?

It's not at all about you or your feelings or your dignity or your worldview. None of it. It's just business for them in a contentious and inflammatory social environment. Its about them and their legitimate interests.

The point being made, with which I agree, is the list is ever-growing. When real factors which affect market value cannot be discussed, our reports will become misleading. We are very possibly already there. It's a slippery slope with no end in sight.

 

[Surf Cat]

I'll be on your side forever more. That's what friends are for.

View attachment 91932

Hey Mejappz..... where's the other half of Super Secret Seal Team 6?

 

[George Hatch]

The point being made, with which I agree, is the list is ever-growing. When real factors which affect market value cannot be discussed, our reports will become misleading. We are very possibly already there. It's a slippery slope with no end in sight.

As an appraiser I am primarily concerned with the effect on value. Not with editorializing on the multiple possibilities for that effect. Or hypothesizing one element to the exclusion of all the others.

Block B shows this value; Block 213 shows a different value. Why that is will be immaterial to the observation that Block B is currently showing this value. It doesn't matter to me what the reason is or whether the market participants are acting wisely or foolishly. That they actually are acting this way is all that matters. And if I'm going to say that this is the current value in Block B I had damn well better be right about that because "what is" always comes first. And arguably solely.

 

[Mejappz]

Hey Mejappz..... where's the other half of Super Secret Seal Team 6?

I’m starting to worry about him; I think he’s been sequestered. That’s the peril of exposing the corruption of people in power. It’s a tough job but someone has to do it.

 

[Sadie]

From a lending client today I was conditioned for use of the word "White Collar" that I used purposely to avoid the term "upscale" that previously had beeb conditioned. Trying to maintain m integrity in the past always coss 10% - 20% of my income, but at some point in time common sense must prevail. Anybody ssimply respond with a "**** off to censorship," ir us cebsirsguo biw banned ?????????????????????

White collar is not a term I would ever use. Its inexact and does not describe anything really. Describe what you mean by white collar instead of using that term.

 

[Surf Cat]

I’m starting to worry about him; I think he’s been sequestered. That’s the peril of exposing the corruption of people in power. It’s a tough job but someone has to do it.

Controversial commentary is necessary in our line of work seeing that many in our profession are being paid less than an illegal border crosser would be working under the table.

Controversial commentary encourages individuals to develop critical thinking skills, as they must evaluate arguments, consider multiple perspectives, and form their own opinions.

Robot Dude's "style" maybe edgy....but necessary in today's world where corruption, not just in appraising, but the government for example, seem so commonplace.

Free him....

 

[George Hatch]

The terms "graffiti" and "pride of ownership" have been disavowed for many years because they speak to the actions of people. I strongly doubt that word policing has negatively affected the ability of any appraisers to fairly quantify the effects on value of the existing physical conditions in any appraisal. They didn't need to use the nomenclature to distill their intended meanings about condition into language which cannot be re-imagined as biased toward people.

 

[Mejappz]

Controversial commentary is necessary in our line of work seeing that many in our profession are being paid less than an illegal border crosser would be working under the table.

Controversial commentary encourages individuals to develop critical thinking skills, as they must evaluate arguments, consider multiple perspectives, and form their own opinions.

Robot Dude's "style" maybe edgy....but necessary in today's world where corruption, not just in appraising, but the government for example, seem so commonplace.

Free him....

I wonder if DW or Frank had anything to do with this.

 

[Overimprovement]

As an appraiser I am primarily concerned with the effect on value. Not with editorializing on the multiple possibilities for that effect. Or hypothesizing one element to the exclusion of all the others.

Block B shows this value; Block 213 shows a different value. Why that is will be immaterial to the observation that Block B is currently showing this value. It doesn't matter to me what the reason is or whether the market participants are acting wisely or foolishly. That they actually are acting this way is all that matters. And if I'm going to say that this is the current value in Block B I had damn well better be right about that because "what is" always comes first. And arguably solely.

The problems come in when some of your comps by necessity are in B and some are in 213. When GLA, condition, quality, age, etc are nearly identical, but there are nonetheless market value differences, we are supposed to be able to explain why, and yes sometimes this can in the same area, a couple blocks away. I have seen a small area taken over by investors/renters. That impact is real. But the list of items/reasons/causes that we are NOT supposed to mention as possible reasons is growing. I saw one where even saying a home was close to amenities and services was considered a no no. Come on!

The differences would go into the location or view line. What words are left to describe the differences? And before anyone brings up the point, yes we should always stay as close to the subject neighborhood as possible. But with the GSE's insistence on 6 months, 1 mile, etc, sometimes that is not possible. I've done mostly semi-rural appraising in my career. Those 1000-home neighborhoods with 50 sales to choose from are quite foreign to me.

The line between "don't use this long list of words" and appraisers not being able to accurate reflect why there are market value differences is blurring. We can blindly sit back and let it happen, leave the profession, or put up some kind of common sense resistance.

We are being redlined into a small corner where we will only 'be allowed' to use words which in no way could impact the larger societal causes of those in charge. Of course that is mostly moot as well, because I still hold firmly to the notion that only 20% of res. appraisers from 2022 or so will still be around in 3 years. Watch as appraiser narrative falls largely by the wayside with the new forms. Most of the report will end up (after a couple iterations) being nothing but checkboxes. The next wave of higher demand for our services which cause delays will only accelerate the calls for our immediate relegation to the scrap heap of icebox and buggy whip salesman.

 

[Dublin ohio]

But with the GSE's insistence on 6 months, 1 mile, etc,

Wait.............What?