Definition Of A Number Hitter....

[Marc T. Girard]

I just want to know where you got a vid of my wife? Retched newbie chimming in solely as a result of that avatar...sweeeeeeeeet!

:shocked:

 

[Tony in Ohio]

Your avatar it in poor taste and not appropriate to serious appraisal discussion........Thank you, I needed the smile.



I like the question because I have thought about it myself, and the best I can come up with is that the answer is, like everything else in this business, It depends.

Its an imperfect market and a range of likely values is truely the only realistic answer, but everybody wants a point value. If you do an honest job of finding and analysing similar sales without respect to the value at that point, then "hit the number" from within that range, I don't think any of your peers are going to think ill of you.

Definitions are necessary but common sense still has to rule. Buyers and sellers are ruled by emotion as much as logic, and we only have limited information in the best of times, so it is impossible to have the "Right" answer.

I can sleep if I know I truely chose the most similar comparables, and was as straight forward with adjustments as possible, given the info I had.

 

[DeseretJohn]

Somebody here once said of value, "that's why it appears at the end of the form".

I would define a number hitter as someone who comes up with a value first and then essentially works backwards to justify their opinion of value. That might be demonstrated by finessing effective age, or selectively selecting or ignoring comps, using superior or inferior arbitrarily to substantiate adjustments.

If you find yourself getting to the end of an appraisal and wonder, "that figure seems low, what did I miss?", you've got to question yourself if your a numbers hitter. Other than checking for math errors and obvious factual ommissions, the figure at the end should be an accurate representaion of what you've legitimately derived. If you're going back into your report and looking for things that could add or subtract from your comps, then is the time to question your motives and bias'.

 

[liznindy]

Ok, in the interest of fairness.....Where is our (lady appraisers) stripper?? :blink:

Somethings never change....Boys will be boys :rofl:

 

[Travis McGee]

MH-Since you have iniitals instead of a name, I didn't know if you were the one in the picture or not! Anyway, guess you need a new illustration-like a hammer hitting a number with decimel points flying into outer space. That would be a number hitter.

 

[John Wilson]

You're a number hitter if your orders come with an estimate of value, and you have delivered at least one appraisal that has come in at, or above that figure.

 

[BigBlueGA]

Originally posted by EDWARD BERRY+Aug 14 2003, 08:00 AM--></span><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (EDWARD BERRY @ Aug 14 2003, 08:00 AM)</td></tr><tr><td id='QUOTE'>While women with pink underware are OK it is NOT welcome in Professional Circles.
[/b]

Good lord man, it's Britney Spears... she is welcome anywhere!

<!--QuoteBegin--Tony Kohnle@Aug 14 2003, 11:34 AM
Your avatar it in poor taste and not appropriate to serious appraisal discussion........[/quote]

No, man.. the same scene with Cathy Baites would be in "poor taste".

- Brandon (with nothing really of value to contribute to the discussion)

 

[Linda M Lynch]

Number hitters are LOVED by many Realtors. Currently, I am actively hated by 2 (at least.) Had a call from my favorite LO. He said he had a couple of out of town investors who were thinking of buying a couple of apartment houses here in town. They needed to know the "real" value before they invested so he was sending it to me. Went out and did the inspections, although I would have been willing to bet they were over-priced based on location....but hey, you never know. Well, after inspections and pulling comps, running numbers, etc. etc., the one came in $30,000 below asking price and the other came in $57,000 below asking price. Today by phone line and fax line were flooded with outraged calls from the respective realtors. Even the poor loan officer was flooded with a zillion "comps" from these realtors. I had to laugh or I would have cried when I looked at their "comps." None were located anywhere near the subjects. None were anywhere near the age of the subjects. Most were on waterfrontage or golf clubs communities. All were in MUCH better condition than the subjects. Some were located 50 miles away and these subjects were located in areas where there are dozens, and dozens of similar apartment houses. Realtor told the loan officer that if I "killed the deal" someone else would get the numbers right and make the deal. The loan officer told them, "maybe but NOT for these people because they are dropping the deals and looking elsewhere."

 

[Pam Wyant]

You might be a numbers hitter if...

You go 30 miles away for a comp, but report it as being 7 miles "distant"

You use sales that are double the GLA of the subject for comps

Subject actual age is 50, effective age of 5 (unless followed by an explanation that the home was recently gutted to the studs & totally remodeled).

Site sizes aren't specified, the site section reads "typical lot" across the board, the subject has a 1 acre lot and none of the comps have under 20 acres.

Sadly I have seen these and others in reports prepared by the "numbers hitters"

 

[wyecoyote]

Ok dang it I wanted to see what all the commotion was about but MHM removed the avatar well guess I have a good imagination and a few into me so doesn't matter to much.

To me if for example I am appraising a house and have a contract for $260,000. And my comps are from the area and sales range from $300,000 to $225,000 with 12 sales and I chose the best 4 and 1 active. If the adjusted values initially come to $252,000 to $259,000 and the listing at $265,000. I may reconsider the adjustments for the sales to see if I can get the $260,000 since I am not that perfect. Does this make me a number hitter I can sleep at night and I don't consider myself a number hitter.

To me a number hitter will ignore all sales located in the subject's market and get the view property sales from outside the market and not comment that they are outside the market and have views. I have seen this before never seen a sale made up.

Some also forgot you might be a number hitter IF, you get the Appraiser of the Year Award from the local Realtors.