Hybrid

[Artemis Fowl]

Fees and liability.

 

[Eli]

She probably deserved a son who is not mentally deranged, but life ain't fair sometimes.

Post the mission statement for your company. That’s like public knowledge. Post it.

 

[timd354]

Post the mission statement for your company. That’s like public knowledge. Post it.

Since it is like public knowledge, you can like find it for yourself.

 

[Terrel L. Shields]

this process is not nearly as new as some appraisers believe

Desktops have always been around, but when was the split inspection/appraisal ever a common practice? Further, when doing a desktop the user has a reasonable expectation that this is something LESS than a more complete appraisal would show. BUT the bifurcated appraisal is being touted as a duplicate to the far more thorough report that an appraiser is going to do with their own inspection. It is pretty obvious the user (lender) is very likely to think this the equivalent to at least a 2055 and all for half the cost of an ordinary desktop report. Really?

addressing some grievous mistake that an appraiser made during the inspection process

The fact appraisers make mistakes is no reason to use the village idiot aka a Realtor to do the inspection where the inspection is probably far more likely to be flawed.

That depends on the appraiser

Just as importantly it depends upon the available data and the inspection...a flawed inspection makes the best appraisal based on it a moot point.

 

[Meandering]

You looked up Fud not FUD. Again, google FUD.

And again, the article is spreading FUD:
noun
noun: FUD; plural noun: FUDs

1. fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage.

IMO it is intentional and for the very reason the definition mentions

Parable:
Appraiser shortage.

.

 

[Michigan CG]

The report was completed from the appraiser's desk, did not value
the site

I have an appraiser buddy who works in a very rural area and he was asked to do a hybrid report for a house on 8 acres. How does one perform an appraisal without developing a site value?

 

[Michigan CG]

It seems to me that the desktop appraisal has been around for just a little while, longer than I have been alive?

Hybrids are desktop appraisals with photos from a Realtor (or a Realtor's teenager).

AMCs or lenders or appraisers can call them anything they want but in reality these are desktop appraisals.

What is the uproar about clients ordering desktop appraisals?

I can remember completing two desktop reports in the last five years. One was a SFR and the fee was $200. One was a shopping mall and the fee was in the $4,000 range (not sure what the exact fee was).

The two desktops I completed suited the needs of the client (neither of these was for lending).

All of the "controversy" is about the fee, nothing more, nothing less.

 

[chad hampton]

The AMC are equally concerned with the fee.

Why is 1 party allowed to be concerned with how much money they make, but the other party needs to be the ones that "adapt" and learn to live on less?

 

[Evincere]

The AMC are equally concerned with the fee.

Why is 1 party allowed to be concerned with how much money they make, but the other party needs to be the ones that "adapt" and learn to live on less?

Touché ​

 

[timd354]

The AMC are equally concerned with the fee.

Why is 1 party allowed to be concerned with how much money they make, but the other party needs to be the ones that "adapt" and learn to live on less?

Nobody is arguing that appraisers should not be concerned with fees. However, some people are making the point that the arguments that hybrids are not USPAP complaint or are that they are too risky for their intended use are really thinly disguised fee arguments which fool nobody.