Commercial comp checks?

[Joker]

as if commercial appraisers were somehow above and better than mere residential appraisers

You mean....we're not??

 

[PropertyEconomics]

REDACTED ...

 

[Ken B]

Kenneth,
I think your post about the blonde driver didn't go far enough to illustrate this.

I tried to keep it simple. How arrogant and elitist of me.

 

[masmia]

Both myself and my prior Cert.Gen. supervisor have received commercial comp checks, about 1 or 2 a month.

 

[PropertyEconomics]

To All ...

When these threads become personal they are no longer informative nor educational. Different people have different experiences, I personally dont think the issues within the commercial market are as pervasive as have been presented, but thats just me. My experiences are quite different than those of others.
In any event, personal attacks have no place here, and you certainly cant call me blonde, I have been blessed with the same affliction as Mr Wiley ... a no hair life.

 

[PL1957]

To All ...

When these threads become personal they are no longer informative nor educational. Different people have different experiences, I personally dont think the issues within the commercial market are as pervasive as have been presented, but thats just me. My experiences are quite different than those of others.
In any event, personal attacks have no place here, and you certainly cant call me blonde, I have been blessed with the same affliction as Mr Wiley ... a no hair life.

You are absolutely correct. The civility in this portion of the board makes it significantly different from the rest. To the degree that I brought personalities and personal attacks into this discussion, I apologize.

 

[PL1957]

(Newly Designated MAI - prefers not be referred to as a scumbag)

Dane, congratulations on your achievement. Regardless of the opinion of some posters, it really does signify that you have done something special in the industry.

 

[Fred]

Timothy - a sample size of 10 does not a study make.

As compared to what? Your sample size of zero?

Being a commercial appraiser doesn't make you a better appraiser than a residential appraiser, it just means you appraise different properties.

But here, you are likely arguing against your own misconceptions. I have seen plenty of threads here suggesting so-called "comp checks" are literally "illegal" and impliclty immoral, a scourage, an evil. If someone has this hatred of comp checks, then that someone is likely to construe the comment that "I don't do comp checks" as playing supeior, rather than just a mere statement of fact. I have no reluctance to admit I would do comp checks, if the price was right, but it just doesn't come up.

 

[Stone]

Timothy - a sample size of 10 does not a study make. Especially when that sample is taken from a place where the cream of the crop hang out. This has a lot to do with timing - the commercial appraisers that have been around awhile, who have good established clients are not exposed to what's going on with the newer CGs and trainees trying to break into the business. That's where a lot of this crap is going on. I am not trying to paint all CGs or MAIs with a broad brush, but some are insisting on intepreting it that way and overreacting. I don't know why you think commercial is immune to the problems in residential, it's just taking longer to show up. I DO see a lot of snobbery here though as if commercial appraisers were somehow above and better than mere residential appraisers, and that does explain some of the animosity towards the "upper echelon". Being a commercial appraiser doesn't make you a better appraiser than a residential appraiser, it just means you appraise different properties. Some commercial appraisers couldn't appraise a house to save their life, they have no experience with it.

Whatever insult you're reading from my prior comments is assumed by you, and not intended by me. If you want to ignore what's going on in the commercial arena, just because it's not happening in your circles, then know that it WILL eventually come back to haunt you, even if you're not participating.

Sort of a sidetrack, but sort of on point:

The "cream of the crop" line is brought up at AF fairly often (this is not specifically aimed at you, Smokey). I don't buy that. I do believe there are a large number of bright people, many of whom are no doubt great appraisers based on their posts, but I do not buy into the concept that the cream of the crop hang out at a message board. I can think of several appraisers off the top of my head who I consider to be "cream of the crop" types who would never post on a message board for many reasons.

The two best appraisers in my little world of appraising will use the internet for work and e-mailing, but would never consider spending time on-line chatting about anything, let alone work. It would have no interest at all. Also, I've met a few people whose names would be familiar with many here that also have no interest in posting at this type of site. One does visit here but has never posted. These are all people who have other options for networking and prefer to learn and keep up with issues in a different manner. I've never bought into the theory that the AF is full of the "best" appraisers but instead believe it is full of appraisers with a diverse set of abilities and backgrounds which includes a large number of good ones. This goes to the commercial and residential sides.

Thus (more to the point) a sample here is likely to include appraisers with all types of clients, not just the best, most understanding types. If commercial comp-checks were rampant and the norm, I'm guessing more here would have dealt with them. Just my opinion.


As to the part about commercial appraisers thinking they are "above" residential appraisers, I think you misunderstood that one SB. My take from the comment you are responding to is that the commercial/industrial forum has generally been more civil with less of the jumping on posters that happens in some of the other areas of this place. There is some truth to that. I didn't take it as meaning commercial appraisers are "better". Maybe I'm wrong about that, but I don't believe that was the intent.

 

[The Warrior Monk]

This has a lot to do with timing - the commercial appraisers that have been around awhile, who have good established clients are not exposed to what's going on with the newer CGs and trainees trying to break into the business. That's where a lot of this crap is going on. I am not trying to paint all CGs or MAIs with a broad brush, but some are insisting on intepreting it that way and overreacting. I don't know why you think commercial is immune to the problems in residential, it's just taking longer to show up.

I disagree.

The vast majority of problems that exist on the residential lending end do not have equivalents on the nonresidential end...basically, there is no pass-the-buck GSE-equivalent on the commercial end. Many of the problems that res appraisers discuss are not common even in certain segments of the residential end, if the funding is through a source such as a private bank, insurance company, or numerous other sources.

Furthermore, unlike residential appraising, the variety of types of clients that one can work for is immensely greater in number. One can easily do work requiring a general certification and never work for a lender, and, in fact, many do. I would be very interested in hearing how problems in res lending area creeping into assignments from private individuals, attorneys, municipalities, CPAs, the DOT, etc. etc.