Field Review Quote

[Dublin ohio]

Considering quoting on a field review. Something to occupy my mind during slow times. It is a cluster. Wrong zoning, wrong flood zone, 5 of the 7 sales used outside of delineated neighborhood with no explanation. Used GX001 because it is a Cape COD but doesn't identify the area that was subject to the exception. (wrong use of GX001 anyhow). $505K value with the obligatory $1000 deck and fireplace adjustments, $3000 for full bath and the list goes on. Lot of BS commentary. This is all I needed to see to know what followed

 

[Tim Hicks (Texas)]

Make sure you grade it in Red Ink. Fee should be equal or more to a 1004 full fee (not AMC fee).

 

[ucbruin]

That looks like my reports....

 

[Tim Hicks (Texas)]

That looks like my reports....

No surprise. You or Fernando.

 

[Mejappz]

Considering quoting on a field review. Something to occupy my mind during slow times. It is a cluster. Wrong zoning, wrong flood zone, 5 of the 7 sales used outside of delineated neighborhood with no explanation. Used GX001 because it is a Cape COD but doesn't identify the area that was subject to the exception. (wrong use of GX001 anyhow). $505K value with the obligatory $1000 deck and fireplace adjustments, $3000 for full bath and the list goes on. Lot of BS commentary. This is all I needed to see to know what followed

View attachment 85628

Hey, at least they can't be accused of bias.

 

[ucbruin]

Less is sometimes more....
Why else do you think my posts are short....

 

[Dublin ohio]

Make sure you grade it in Red Ink. Fee should be equal or more to a 1004 full fee (not AMC fee).

It's gonna take a lot of red ink. Fee is always at least full 1004 fee. The kicker is that the value at first glance seems to be within a reasonable range. So I can hammer the quality and I am guessing a few USPAP violations. But may not disagree with the value. Here is another tidbit. Non signing individual referred to is identified as a "contractor" for the appraiser's LLC

PROVIDED SIGNIFICANT ASSISTANCE IN THIS APPRAISAL REPORT
INCLUDING DATA ENTRY SUPERVISED CHOICE OF COMPARABLE SELECTION INSPECTION ANALYSIS AND RECONCILIATION. THE ANALYSIS
AND OPINIONS IN THIS REPORT ARE SOLELY THOSE OF THE SIGNING APPRAISER

 

[John Hassler]

Considering quoting on a field review. Something to occupy my mind during slow times. It is a cluster. Wrong zoning, wrong flood zone, 5 of the 7 sales used outside of delineated neighborhood with no explanation. Used GX001 because it is a Cape COD but doesn't identify the area that was subject to the exception. (wrong use of GX001 anyhow). $505K value with the obligatory $1000 deck and fireplace adjustments, $3000 for full bath and the list goes on. Lot of BS commentary. This is all I needed to see to know what followed

View attachment 85628

I hate this type of review from a ‘peers actions’ standpoint. But I love these kind of reviews from a challenge standpoint. Gives you lots to talk about and it’s obvious to the reader you analyzed the report.

 

[Dublin ohio]

Hey, at least they can't be accused of bias.

No way. They came in $5K over the purchase price. But at first glance doesn't seem to be out of bounds

 

[andrew81]

I hate the fee for reviews, but as John said, I like doing them. Years ago when things were slow I lowered my review fee to get a few. Had to go down to $300. Slowly raised my price untill eventually no more review quotes were accepted. The cut off was $425. My fee schedule lists my review fee at $500. Haven't done one in years.