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Got a doozy on my desk

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Lobo Fan

Thread Starter
Elite Member
Joined
Nov 28, 2004
Professional Status
Certified Residential Appraiser
State
New Mexico
Got a request for a field review las night. Printed it, started pulling the MLS sheets, and noticed the MLS numbers were from last year. I thought it a bit odd, as it is for a condo in a large project (Vista del Norte off Osuma) for the locals.

It looks like they needed a value of $171,000. The problem is that prices have been trending downward. Plenty of recent comps from $155-$165K and from June. Plus the person's 4th comp was a small site built house.

No name on the report I am reviewing. But I am dearly tempted to turn this one in. Also, I don't understand what they were thinking. They had to know that this was going to get reviewed. These days, anything outside the margins at all get reviewed.

I have not completed a full colonoscopy yet, but I am dying to find a tidbit in an addendum somewhere explaining why comps from 09/07 are more relevant than comps from June of 08.

Somedays I just want to weep for my profession.
 

Ray Miller

Elite Member
Joined
Feb 20, 2002
Professional Status
Licensed Appraiser
State
Wisconsin
Lobo,

Watch your back side, someone might broadside you for posting about a review you have not fully reviewed yet.


What were those words that I was call in my posting???


:rof::rof::rof:
:peace:

Or could there have been other reasons why I was broadsided???

"Somedays I just want to weep for my profession."
Somedays I give it very little hope.​
 
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