Hybrid

[hastalavista]

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?

All parties are allowed to be concerned with how much money they make. It seems to me that one of the parties isn't adapting as they should (or as some would like, if you prefer).
And I'm not so sure the AMC party is coming out much better than the appraiser on some of these hybrid arrangements.

This is all about fees. If they ever get to the point where they make sense for me, I'll start taking them. If they remain below my threshold, I won't (but itsn't that true with any assignment I'm competent to accept?).
Two variables here: What the fee is and what my threshold is.

 

[Addie]

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?

In this instance I'm only the messenger. That was copy and pasted from a GSE pilot program SOW that GSE and whoever made up. I'd say to answer your question and others, I'd be getting on the horn to take part in the discussion process ASAP and give input. You have a legitimate question.

 

[ucbruin]

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?

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.

"How does one perform an appraisal without developing a site value?"
"All of the "controversy" is about the fee, nothing more, nothing less."

Mixed signals???

 

[Artemis Fowl]

"How does one perform an appraisal without developing a site value?"
"All of the "controversy" is about the fee, nothing more, nothing less."

Mixed signals???

Seems pretty straightforward to me. Client obviously doesn't even know what they are asking for when the say "develop" site value. What they really mean is "report" site value. Ok...so maybe that's not what they mean...but then they don't know what they don't know. Pretty consistent with the fee issue IMO.

Using site value as an example: They think the fee should be reduced because we don't need to develop it. We know it needs to be developed and should have a fee appropriate to the work we KNOW will go into it. They want to pay for the number of lines on paper we use. They want to pay by report format. They don't want to pay for an "appraisal". For property 123 xyz st I can opine market value on a single page or in a 100 page binder...the amount of development work is the same...I'll discount the printing fee.

 

[Eli]

The oligopsony is at the heart.

It’s market structure. Period.

It’s motive is money.

 

[Eli]

An oligopsony is like an elephant in the room. It has no human capacity. It has no concern for public trust.

It is a market structure with no human regard whatsoever.

It has market power on price. !!!!!!!!!!!!!

 

[chad hampton]

So a few of you on here have no doubt that hybrids are 100% USPAP complaint and done in accordance with current state and federal laws? You have no questions about that whatsoever? Have you read your states laws and board rules and come to that conclusion? I certainly have questions.

 

[ucbruin]

Seems pretty straightforward to me. Client obviously doesn't even know what they are asking for when the say "develop" site value. What they really mean is "report" site value. Ok...so maybe that's not what they mean...but then they don't know what they don't know. Pretty consistent with the fee issue IMO.

Using site value as an example: They think the fee should be reduced because we don't need to develop it. We know it needs to be developed and should have a fee appropriate to the work we KNOW will go into it. They want to pay for the number of lines on paper we use. They want to pay by report format. They don't want to pay for an "appraisal". For property 123 xyz st I can opine market value on a single page or in a 100 page binder...the amount of development work is the same...I'll discount the printing fee.

WTF!!!!!

 

[Artemis Fowl]

So a few of you on here have no doubt that hybrids are 100% USPAP complaint and done in accordance with current state and federal laws? You have no questions about that whatsoever? Have you read your states laws and board rules and come to that conclusion? I certainly have questions.

Who has to comply with USPAP again? Potential clients can ask for whatever they want. We can accept, deny or work with them to modify. Still about the fee.

 

[Artemis Fowl]

WTF!!!!!

I'm so sorry...did reference to a value opinion not on a form throw you? Or was it the word "appraisal" being used properly as a reference to the process of developing a value opinion?