I Know We Do Not Find Problems With Value But

[Joseph Butkus]

Doing review, Appraiser goes out of community to get comp 3 to up value, when there is a sale right across street from comp 2. Makes adjustment for comp 1 grades c4 subject c3 comp 2 c4 comp 3 C3. First thing I do pull comps to see how they Look comp1 Just recently renovated appraiser gave deduction of $15,000 home has brand new tile throughout and upgraded counters. Nothing is Easy.
Do not want to destroy appraiser but if appraiser used right comparables in first place makes life so much easier for everyone.

 

[Tim The Enchanter]

Destroy the appraisal, not the appraiser.

 

[Joseph Butkus]

Destroy the appraisal, not the appraiser.

If we are just honest in the beginning and not have to try to satisfy homeowner and bank just to get it a little higher, it would be nice.

 

[Tim The Enchanter]

You are not reviewing their honesty, although it may be in back of your mind.
Read the certs and stuff on Fannie form 2000.

 

[bnmappraisal]

"I Know We Do Not Find Problems With Value But"

Guess that depends on your SOW

What were you asked to review? Was it just whether or not the OA was acceptable

Or

Were you also tasked to Opine your own OMV?

 

[Joseph Butkus]

"I Know We Do Not Find Problems With Value But"

Guess that depends on your SOW

What were you asked to review? Was it just whether or not the OA was acceptable

Or

Were you also tasked to Opine your own OMV?

Reviewed what should of been EZ review but appraiser decided to use comp 3 which was in gated community, and then put C4 on 2 comps in condition that have been upgraded. Appraiser by trying to push price made my job hard had to replace comps when you wish you could say appraisal is fine.

 

[Evincere]

Reviewed what should of been EZ review but appraiser decided to use comp 3 which was in gated community, and then put C4 on 2 comps in condition that have been upgraded. Appraiser by trying to push price made my job hard had to replace comps when you wish you could say appraisal is fine.

That’s why it went to review. What some Appraisers still don’t get is that lenders don’t need MLS to see a comps interior. Internet sites such as Zillow, Truilla, Redfin etc now days display interiors and the MLS info. Very little can be hidden and trying to fudge condition adjustments to hit a value is just stupid

 

[Joseph Butkus]

That’s why it went to review. What some Appraisers still don’t get is that lenders don’t need MLS to see a comps interior. Internet sites such as Zillow, Truilla, Redfin etc now days display interiors and the MLS info. Very little can be hidden and trying to fudge condition adjustments is just stupid

Years ago I would of called appraiser and said you better get it together, these day do not know each other, but just reviewed and made right.

 

[Amy Perkins]

Doing review, Appraiser goes out of community to get comp 3 to up value, when there is a sale right across street from comp 2. Makes adjustment for comp 1 grades c4 subject c3 comp 2 c4 comp 3 C3. First thing I do pull comps to see how they Look comp1 Just recently renovated appraiser gave deduction of $15,000 home has brand new tile throughout and upgraded counters. Nothing is Easy.
Do not want to destroy appraiser but if appraiser used right comparables in first place makes life so much easier for everyone.

You need to ask yourself; how good are u? If your value and the value of the appraisers vary by more than 10% of the value; then make your case. If it's less than 10%, then get over yourself because no one is that good.

 

[Joseph Butkus]

You need to ask yourself; how good are u? If your value and the value of the appraisers vary by more than 10% of the value; then make your case. If it's less than 10%, then get over yourself because no one is that good.

Believe me I was getting same pay to say yes appraisal is fine, but comp 3 was so out of subjects range I had to replace and basically review turned into full appraisal for cost of review. Do you not think I tried to give appraiser every good thought but Appraisal was so misleading had to change it. No call to state just bad review of work.