Cookie Cutter Alert !!!!

[Richard Carlsen]

A Cookie Cutter….I finally got another one.

A detached ½ log sided condo in a ski/golf resort. I did the sale on it a year and a half ago and now its refi time.

Three identical sales of brand new units, 2 doors, 4 doors and 5 doors away for $150k, $150K and $152K. Only adjustment is minor for new vs. lived in.

It was so simple that when Judy and I finished, it seemed like we had forgotten something.

Oh for the life of a Cookie Cutter appraiser.

 

[Bill_FL]

Richard,

Since it was so easy, you will be refunding half your fee?

 

[Richard Carlsen]

Absolutely…....just as soon as they agree to eliminate my liability.

 

[Non Sequitur]

Absolutely…....just as soon as they agree to eliminate my liability.

If they look at those 3 textbook sales, they just might. Don't give them any ideas!

 

[Verne Hebert]

If you get any more please call.

I'll fly in and, at least, ride along.

Sweet Jesus. Calls for a pizza and a pitcher (after 5).

 

[Elliott]

Richard,
Yeah, it does sound too easy. If I were the underwriter
I'd want a 4th and 5th comp that didn't have the
log feature. And if any feature wasn't bracketed,
well, I'll need an explanation about that.
No good deed goes unpunished.

elliott

 

[Farm Gal]

May you remain like a worm in an onion, thinking that there IS no sweeter place in the world, than your neat and insulated little layers...

~~~

Can I come in too?

My world has consisted of mishapen potatoes, rotten cabbage and other such nasties lately,

But I ain't BORED!

 

[Claudia Cullen]

Richard, the cookie cutter appraisal must be payment from above for those inspections done lately in temps. below 20!

 

[Dave Smith]

Richard:

It was so simple that when Judy and I finished, it seemed like we had forgotten something.

Maybe you did... forget something, that is.

How about the requirement for at least one comp from a competing project?

 

[Mike Garrett RAA]

Was thinking the same thing, Dave. What is the best possible comparable?

Exact same model next door that sold yestersday! So what do they do???? Complicate the matter by making a ridiculous requirement for a competing complex. God forbid you use three identical models...too simple. You wouldn't have to adjust for location if you did that and we all know how import that is.

Forget the fact there might not even be a competing complex in the same community. Forget the fact the market is the market...but remember, you need to follow some asinine requirement.