Fannie & Freddie To Update Appraisal Dataset & Forms

[TRESinc]

So you have a set of the Marion comic book circa late 1960s early 1970s x ray glasses? Nice.

it must be nice to work in an area where there are only MLS sales and no others.

 

[Mr Rex]

And posting "poo poo pants" is helpful? Can the appraisal industry count on you Mr Super Professional? Who is pulling out crayons other than the poster actually posting "poo poo pants". Really? From an adult considering a serious issue in response to Mr Hatch? Dump you diapers before you post in the future, diaper rash may negatively affect your ability to carry on an adult conversation.

 

[Mr Rex]

And posting "poo poo pants" is helpful? Can the appraisal industry count on you Mr Super Professional? Who is pulling out crayons other than the poster actually posting "poo poo pants". Really? From an adult considering a serious issue in response to Mr Hatch? Dump you diapers before you post in the future, diaper rash may negatively affect your ability to carry on an adult conversation.

it must be nice to work in an area where there are only MLS sales and no others.

It must be nice to be in an area where FSBO sales et al are as readily available and analysed as MLS data. For sheets and giggles, please elucidate on the percentage of FSBO activity (or other non MLS data) there is in your market area, how much of that data supports or contradicts more conventionally market exposed data (aka MLS exposure) and how much this data influences the overall market data to the point that it is so relevant that it affects the overall market trends established by MLS data.

 

[Mr Rex]

In any case, still waiting on you to point out where the MC instructions require analysis of every sale/transaction in a neighborhood. I will not hold my breath.

 

[George Hatch]

I am not giving you anything. Nor am I taking anything from you. The choice is not my choice, it must be made by each person individually. What I am saying however, is there is only one path that has a reasonable chance of providing a solution to pretty much all that ails this profession. I am also saying, the efforts that are being made now, have zero chance of providing a solution to all that ails us. "Just say no" doesn't work, so I don't know why people keep on pushing the rhetoric. "Write a letter" doesn't work either. Each are neat and idealistic things to say for sure, but have no realistic chance of ever working. Have they worked yet? I sure don't see it, but I've been hearing them said for years. This industry has been, and remains, powerless. There is but one way to gain some power, and it aint by coming on here and complaining, or pulling out the red crayon and writing letters to bought people, or by waving the "Just say no" banners.

Ok George, I guess the appraisal industry can count you out. Thanks for giving it your all. I entirely misjudged you, and I own that. I'll send you a box of depends for Christmas.

I have to hand it to you - that's quite the sales pitch you have there for soliciting cooperation and solidarity.

Consider this: In appraisal parlance the problem identification step comes before the SOW decision. You need to suss out the extent of your recruitment problem before you can hope to come up with a plan for executing that. And while we're in appraisal parlance, the first step in developing credibility is to establish reasonable expectations.

So given the point that the AI's membership *might* consist of as many as 20% of appraisers and you think you want twice that, you might consider the merits of looking at what they have done in the past as an indication of where your group might act differently in order to get the superior results.

Sooner or later you're going to need to consider the question of what you think the reasonable expectations are for what you're trying to do.

 

[TRESinc]

It must be nice to be in an area where FSBO sales et al are as readily available and analysed as MLS data. For sheets and giggles, please elucidate on the percentage of FSBO activity (or other non MLS data) there is in your market area, how much of that data supports or contradicts more conventionally market exposed data (aka MLS exposure) and how much this data influences the overall market data to the point that it is so relevant that it affects the overall market trends established by MLS data.

i pity you for not having the ability to use realist or a similar data source to obtain the FSBO data for your coverage area. luckily you can easily rectify that problem. the area i cover encompasses multiple markets, not just one.

In any case, still waiting on you to point out where the MC instructions require analysis of every sale/transaction in a neighborhood. I will not hold my breath.

i'd be happy to, right after you show us all where they state to only use MLS sales.

 

[ucbruin]

@TRESinc....

Can the collective we (including you and me) at least agree that the majority of appraisers are finding 98% of sales and listings when filling out the MC form???

 

[Deleted member 130081]

I have to hand it to you - that's quite the sales pitch you have there for soliciting cooperation and solidarity.

Consider this: In appraisal parlance the problem identification step comes before the SOW decision. You need to suss out the extent of your recruitment problem before you can hope to come up with a plan for executing that. And while we're in appraisal parlance, the first step in developing credibility is to establish reasonable expectations.

So given the point that the AI's membership *might* consist of as many as 20% of appraisers and you think you want twice that, you might consider the merits of looking at what they have done in the past as an indication of where your group might act differently in order to get the superior results.

Sooner or later you're going to need to consider the question of what you think the reasonable expectations are for what you're trying to do.

Sigh. O, I have identified the problem alright. Problem 1, no appraiser representation, lack of a professional industry. Problem 2, stubborn, short-sighted, (dare I say) stupid people who would prefer to complain, rather than actually do something meaningful to help themselves. Expectation of results? I expect appraisers to continue being stubborn and dumb. But, if they were to organize, what would be the expectation concerning the organizational efforts? Well, on the one hand, the sky is the limit. On the other hand, it could be a very slow progress indeed, or even fail entirely. However, considering I have concluded it is indeed the only possible path that could potentially lead to a meaningful result, there is no other choice but to go down it. As for my rough, unattractive methods of recruitment, why do you suppose I am trying to recruit you George? This industry needs voices, voices much more soothing than mine, to start the narrative, keep the narrative going, and hopefully, eventually, the narrative will grow into action. My only hope and expectation, considering I am very likely to jump ship very soon, is to plant a few seeds and hopefully they will grow. I would love to check in some time from now and find appraisers have finally gotten fed up, pulled their heads out of their butts, accepted the only reasonable path, and have started on down it. Fantasy island? Quite possibly. But at least, I will be able to say I spoke up with the solution, rather than regretting keeping it to myself.

I know you were a crusader in the past. I know you probably don't have it in you to lead the charge this time. What you do have, and what you can do, is the ability and skills to start and continue the narrative, as the wise and experienced elder. Simply doing that, would be a tremendous thing. That sentiment goes for each and every other elder on this forum too.