Ray Miller
Elite Member
- Joined
- Feb 20, 2002
- Professional Status
- Licensed Appraiser
- State
- Wisconsin

I am sort of tired of being grilled by RE Agents, LO’s, Processors, MB, who want you to add a couple of extra comparables or an extra listing or two in an appraisal report and you have completed the report.. But they want the report the same day or the next and they don’t want to pay for the additional research time, drive time and etc. When I tell them it will take a few days they start their yapping. So and so does it for us and can have it back the same day and they don’t charge.
Now I try and pull one extra listing and sale to use as a comparable on the first inspection of the subject and the run through of the sales selected as comparables, but some times they want two more or one of the originals does not work for some reason. This is where the kicker comes in.
I am doing a review now, where the three original comparable sales have current appraiser type pictures. But the additional two comparables are not, they are the MLS photos. Now with that said there is even a bigger problem one of the comparables is next to a 24/7 sawmill and there is no adjustment or mention of it in the report for external obsolescence. The second is next to a muli-line set of RR and one is a 70 mph train three times a day. Two at night and one in the early a.m. No mention or adjustment for external obsolescence. The MLS does not say a word about this external obsolesce on either one. What would you bet the appraiser never went out and check the sales she popped into the report for the lender?????????
I know how I am going to deal with it in the review, how would you deal with it????????