Field Review Quote

[Raven59]

It's difficult to determine a fair fee for reviewing a problematic report. However, I personally find reviews to be a valuable tool for ensuring the accuracy of my work. Your comment that the report appears to be reasonably accurate at first glance gives hope although it could just be the appraiser's luck. Hopefully, the appraiser's report issues are nothing more than a lack of attention to detail. Nevertheless, I find reviews can be a helpful way to double-check the quality of my own work. That has been my excuse for taking them...certainly not for the money.

 

[Dublin ohio]

It's difficult to determine a fair fee for reviewing a problematic report. However, I personally find reviews to be a valuable tool for ensuring the accuracy of my work. Your comment that the report appears to be reasonably accurate at first glance gives hope although it could just be the appraiser's luck. Hopefully, the appraiser's report issues are nothing more than a lack of attention to detail. Nevertheless, I find reviews can be a helpful way to double-check the quality of my own work. That has been my excuse for taking them...certainly not for the money.

The value appears in the very upper range. It's how they got there, obvious mistakes in zoning, flood zone, 5 of 7 sales outside their own delineated neighborhood with no explanation, $349 site adjustment, lots of irrelevant fluff commentary. Just a real fugly mess. It will be a good mental exercise in these slow times.

 

[J Grant]

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

You sound like you want to go to town and rip every statement the appraiser made, and that is not what a review is supposed to be about. We reviewed the work and whether the value was credibly supported by the comp choices and adjustments. You seem to be on a war path mindset with this appraisal. We are supposed ot be nonbiased.

When I reviewed, I might not have been a fan of generic comments, but if they were harmless, I let them go. I would, of course, point out poor chomp choices, bad advertisements, etc. The important stuff. Clients are not impressed with nit picking in a review. The review form asks a series of questions and we answer them methodically and the steps in teh review reveal whether their value was supported or not and from there we agree or disagree with it. A review can be reviewed as well...something to think about.

 

[ucbruin]

The value appears in the very upper range. It's how they got there, obvious mistakes in zoning, flood zone, 5 of 7 sales outside their own delineated neighborhood with no explanation, $349 site adjustment, lots of irrelevant fluff commentary. Just a real fugly mess. It will be a good mental exercise in these slow times.

You should pass as it seems you have issues with style....
My software puts in flood zone information....
And in my opinion comps outside of delineated neighborhood boundaries are acceptable as long as they are located within the subject's general market area....

 

[Dublin ohio]

I hate this type of review from a ‘peers actions’ standpoint

Yea that's always a problem. But hopefully it may cause the OA pay a little more attention to things like obvious zoning mistake, wrong flood zone, proper use of ANSI. Who knows

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.

I agree. One of the main reasons I would even do it.

 

[Raven59]

It's sad, but what you are reviewing is the new norm. Peers may need to be redefined.

 

[Dublin ohio]

You sound like you want to go to town and rip every statement the appraiser made, and that is not what a review is supposed to be about. We reviewed the work and whether the value was credibly supported by the comp choices and adjustments. You seem to be on a war path mindset with this appraisal. We are supposed ot be nonbiased.

When I reviewed, I might not have been a fan of generic comments, but if they were harmless, I let them go. I would, of course, point out poor chomp choices, bad advertisements, etc. The important stuff. Clients are not impressed with nit picking in a review. The review form asks a series of questions and we answer them methodically and the steps in teh review reveal whether their value was supported or not and from there we agree or disagree with it. A review can be reviewed as well...something to think about.

You just seem to get a little froggy at times. Some of the mistakes are just plain mistakes. Wrong zoning, wrong flood zone. I didn't say anything about going after the generic comments. Take a look at the form 2000 field review. You are required to comment and summarize on those "generic" comments. I don't have to do a review to be able to take a quick look at a report and know it is sloppy. What do you say about a $349 site adjustment on a $500K house on a typical subdivision lot. I already said the value may be legit. But that doesn't mean the way they got there makes sense. Give it a rest.

 

[J Grant]

Agree a $349 adjustment is crazy!

 

[Dublin ohio]

You should pass as it seems you have issues with style...

I have no issues with "style" you can put as much irrelevant bs in a report as you choose. I don't care. But it is bs none the less

My software puts in flood zone information

Flood zone services can be wrong. FEMA seldom is

And in my opinion comps outside of delineated neighborhood boundaries are acceptable as long as they are located within the subject's general market area

I have no problem with that either. But at least explain why you did

 

[Dublin ohio]

Agree a $349 adjustment is crazy!

Just an example of why it doesn't take long to say wait..........what? Than you see the $1000 fireplace and deck adjustment, $3000 bath adjustment, $3000 water view adjustment for the view of a 6' wide feeder creek. They adjusted for just about anything. It's just very sloppy and lacks meaningful commentary. Sca comments are wordy but generic