Hidden home appraisal middlemen have cost homebuyers $12 billion

[George Hatch]

"Sounds like a research job for George Hatch."​

Do you think the data in question might show up in Zillow or the County property records? Because those were the Super-Secret-SEAL TEAM 6-Sources I used to look into PCs analyses. It's almost as if anyone could have done the same had they been curious enough to look.

Let me repeat: it took me ~5 minutes to enter "Cincinnati, $430,000-$430,000 in the last 12 months" and sort by date to find the sales which sold on 04/30/2024. So easy a monkey could do it.

If you or anyone else thinks that was some heroic effort on my part then count yourselves fortunate that I don't have access to the local MLS to be running a longer trend analysis and identify more paired sales. Which again any SFR appraiser is capable of doing the same. If they cared.

It's not my fault that PC apparently didn't put such an effort into his own analysis. I am not the stalker guy for doing the same thing I normally do in almost all of my assignments - including the SFRs I appraise.

I appraised a 14,000sf SFR lot a couple weeks back. Because its zoned for SFRs I ran the same sales history analysis for the market area that I normally run when appraising SFRs. I never limit that analysis to a single year.


If I could have, I would have done the same for the neighborhood in question; if the neighborhood is actually larger than shown on the map I would have expanded to such. I've been doing this on these assignments for many years now. Sue me for wanting to figure out what's been going on independent of the handful of sales I present as direct comparables in my SC. .

 

[Mejappz]

The Appraisal Institute is trying to take credit for the work the ARCC is doing—gaslighting at its very best.

 

[Tom D]

How come, in this big city, the transfer tax of 4+% isn't considered a middleman being over paid for exactly what service. None, but we the government want your money.

 

[James Mic]

How come, in this big city, the transfer tax of 4+% isn't considered a middleman being over paid for exactly what service. None, but we the government want your money.

So they can justify their jobs as government employees. No different than the politics that go into the governor appointed board members in each state. Especially in the Northeast. Most are dishonest old outdated members who use their connections to get rich and get rid of their competition.