DESKTOP appraisal's - The appraiser's Best Play?

[alebrewer]

the trade off is risk and why do I think the appraiser still has even more risk? Because it almost certainly means the first item a homeowner (and perhaps future intended user?) will bellyache about was "They never even went inside my house or drove by to see what a really nice neighborhood I live in."

The neighborhood.
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You don't think someone could get that from Google?

 

[J Grant]

Here's where the desktop works: when the property is so far from where most appraisers live that they can't find someone to accept it. For example I get orders once in awhile over an hour from major population centers. If the lender can get someone to take it, there's probably an additional $300-$500 trip fee. They can get those distant assignments completed much easier with desktops, but otherwise I don't see an advantage.

There's a couple of areas like that in my county, which is huge - two remote towns, Belle Glade and Pahokee, on edge of rural areas, Belle Glade one of the poorest per capita cities in America, biggest employer is the state prison - an hour scary deserted drive through a two lane highway through sugar cane fields- anyway I went there twice and twice was two times too many _ I won't go there and neither would most appraisers - so okay, a desktop solves the distance for inspection problem, but then we have a new problem - sine almost no appraiser goes there , they/we do not know the area. And it is a weird area, so not the kind of tract simple area one can make assumptions about.

I do feel for disabled appraisers and aging appraisers ( we all will be in the aging group just some sooner than later ), and I feel for lenders up against time deadlines with purchases. But this is a STOOPID solution.

Instead, they could have made a streamlined version of 1004 for purchases - not require appraiser to drive teh comps ( optional if appraiser feels need ) and possibly allowing an assistant to do inspection in some cases - and they can save time off teh anal housekeeping tasks, such as reporting prior transfers or quit claim deeds/other minutiae that adds time and and contributes nothing of

PS true story about Belle Glade - before doing the appraisals there travelled there with a friend to scope it out, every place to eat super disgusting, asked for the best restaurant in town, we went there, everyone inside smoking cigarettes like it was still 1960, food inedible - a roach baked into the crust of the chicken.

 

[JTip]

That's UWM for those wondering.

 

[J Grant]

Belle Glade/Pahokee probably a good place to buy land - at some point it might get developed, if the criminal Fanjul family grip on their sugar cane fields where it is still kinda like slave labor-

 

[Terrel L. Shields]

You don't think someone could get that from Google?

The lender backed out after seeing the pix I posted. Doesn't look too bad does it....near lake rural property. Grand Lake of the Cherokee.


And the "street view"? Who are we kidding? Google earth doesn't drive every road here- mostly paved state highways and a few county roads and smaller towns have few streets covered. The lenders will want to do Desktops on their most rural properties because they don't want to pay $1000 for an appraisal and a lot of appraisers, when faced with crappy assignments charge a lot more than in CookieCutterville. BTW, I am standing beside a manufacture home that was somewhat newer and likely to be somewhat adequate inside. You have no idea how awful it is until you get to see the whole mess. It was worse behind me - literally a junkyard. I was standing about where the E in E 176 is, shooting to the right (East) - like I said, worse the other way. This is way too common in rural America.

 

[alebrewer]

I

The lender backed out after seeing the pix I posted. Doesn't look too bad does it....near lake rural property. Grand Lake of the Cherokee.
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And the "street view"? Who are we kidding? Google earth doesn't drive every road here- mostly paved state highways and a few county roads and smaller towns have few streets covered. The lenders will want to do Desktops on their most rural properties because they don't want to pay $1000 for an appraisal and a lot of appraisers, when faced with crappy assignments charge a lot more than in CookieCutterville. BTW, I am standing beside a manufacture home that was somewhat newer and likely to be somewhat adequate inside. You have no idea how awful it is until you get to see the whole mess. It was worse behind me - literally a junkyard. I was standing about where the E in E 176 is, shooting to the right (East) - like I said, worse the other way. This is way too common in rural America.
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In that case, my bet is the appraiser kicks back and says there isn't sufficient data to perform a Desktop appraisal...

 

[Terrel L. Shields]

I

In that case, my bet is the appraiser kicks back and says there isn't sufficient data to perform a Desktop appraisal...

And my bet is that the lender fires them and sends the assignment to the next dope until they run out of dopes before throwing in the towel.

 

[alebrewer]

And my bet is that the lender fires them and sends the assignment to the next dope until they run out of dopes before throwing in the towel.

Maybe. Some of the lenders I've talked to aren't even going to offer desktops until they see how everything shakes out.

 

[J Grant]

And my bet is that the lender fires them and sends the assignment to the next dope until they run out of dopes before throwing in the towel.

I disagree. The lender is not profiting from keeping it as a desktop and they start losing time trying to re assign it.

 

[Tiffany Gibbons]

Tell them you'll do the desktop for the full fee and they can contract through you to go out and measure and take photos for an additional $150.

Yeah, get separate business cards that ID you or your trainee as a "3D Scanner", bingo! I like it, hehe