David Riggs
Sophomore Member
- Joined
- Apr 12, 2002
This guy calls and said he is going through a divorce. He has property in two states and the wife had one property appraised at 110K. So the other one in Tulsa needed to come in at 110K otherwise he was out of pocket the difference.
This was the part where I could feel the slim coming out of the phone.
He said his lawyer advised him to name drop "functional obsolescence" and basically shop for an appraiser that will give him what he wants. I am not sure that either of them knew what it ment but they where throwing it around like a shield banner.
I was the second appraiser he had called (the first one sent him on his merry way). I did a quick cma and it showed that area starting at 130k and running to 160k for the same size. He put on the full court press saying "what would it take to obtain a report like that? and don't worry this is going to court in the other state, no one will see it". I mentioned that perhaps he could have gotten a second appraisal of the soon to be exwife;s 110K in the other state. Then he would not have to push for a 110k value on a 140k house in Tulsa. He shut me down quick! Didnt want to hear that! (perhaps that would have cost a few dollars more?)
I sent him packing as well. However I must say it left me feeling somewhat disappointed that appraisers in general had created such an unprofessional opinion with the attorney. Just call one up, mention 110k and functional obsolescence and wham you got it. That group is just a bunch of monkeys. Wiggle a peanut and watch them claw at it.
Let me ask this group. Do you think that appraisers as a whole has earned this reputation?
This was the part where I could feel the slim coming out of the phone.
He said his lawyer advised him to name drop "functional obsolescence" and basically shop for an appraiser that will give him what he wants. I am not sure that either of them knew what it ment but they where throwing it around like a shield banner.
I was the second appraiser he had called (the first one sent him on his merry way). I did a quick cma and it showed that area starting at 130k and running to 160k for the same size. He put on the full court press saying "what would it take to obtain a report like that? and don't worry this is going to court in the other state, no one will see it". I mentioned that perhaps he could have gotten a second appraisal of the soon to be exwife;s 110K in the other state. Then he would not have to push for a 110k value on a 140k house in Tulsa. He shut me down quick! Didnt want to hear that! (perhaps that would have cost a few dollars more?)
I sent him packing as well. However I must say it left me feeling somewhat disappointed that appraisers in general had created such an unprofessional opinion with the attorney. Just call one up, mention 110k and functional obsolescence and wham you got it. That group is just a bunch of monkeys. Wiggle a peanut and watch them claw at it.
Let me ask this group. Do you think that appraisers as a whole has earned this reputation?