I love this business, but.................

[TC]

First let me preface this by stating that I am very grateful to be in this business. I never complain about long hours, Saturday appointments, overbearing UW's, or Realtors. It's part of the job, if you don't like it, get out of the business. But this week I am straining to keep an even keel. Got 3 calls from irate homeowners after they received a copy of the appraisal. One was furious that I did not consider the foyer in the room count. #2 could not understand how I could say her roof was asphalt shingle when it was Fiberglass shingle. And #3 wanted me to state that the tile entry was Imported Italian Quarry tile and to make an adjustment. You can't make that stuff up!

So, in this age of information overkill, I intend to do the following:

*no floor plan will be drawn, only exterior dimensions unless functional
obsolescence noted

*a roof is either flat or shingle

* New Statement: Special features are similar to those in the
neighborhood and the comparables

For those of us from the old days, remember when the homeowner did not receive a copy of the appraisal, just the MV?

Those were the days!!!

Less is more!!


TC :lol:

 

[Willie]

I had a complaint awhile back. It was my fault but not really relevant in the grand scheme of the homes value. I said they had aluminum gutters, when they were copper. Hit the wrong key.

 

[TC]

Just say METAL!


TC :lol:

 

[Farm Gal]

:lol: :lol:
or "yes"

for the super-minimalists :wink:

 

[Blue1]

TC,

Don't feel bad, last week a homeowner told me I destroyed their life with my appraisal! (See former post) AND was told by an Insurance company to change my Cost Approach!

 

[Jeff Horton]

I can't top those but I have in my lender pressure file supposed underwritter comments (read LO). Says to remove comps 2 and 3 they lower the value!!

I like the copper gutter better. Been there and done that. I just tell them I will change it but it has no effect on the value. I allowed for that when Idid the report.

 

[Wally Jones]

Mine for the week:

Manufactured home. Foreclosed. Inspection reveals a better than average trashing job, including ripping all the wiring from the interior walls (they stole all the drywall panels), taking out all the plumbing fixtures, removing the floor covering, etc. Oh, yeah, and the small fire that destroyed the wall between the laundry and the master bedroom closet. Anyhow, they were hoping for ("estimated property value") $80,000. They were a little surprised I only came up with $20,000. I did it as vacant land and included the cost to remove the now derelict manufactured home. LO calls back and says client wants to me to include the value of the well and fence.

Sigh. The former owners stole the pump and the barbed wire fence has been knocked down by the neighbor's hog. Hey, maybe we can get the extra $60 grand from selling bacon?

:roll:

 

[Dan Leggett]

Gutters: Yes or No or Partial.

"...and the barbed wire fence has been knocked down by the neighbor's hog." I love it!

 

[Mike Garrett RAA]

Just tell the home owner to have the lender order an AVM....that way none of the features will be included or excluded. What really frosts my ahhhhhhhhhh, thingies is when the home owner calls and jumps me for not having the right square footage. "How dare you say my 1,800 square foot ranch home has only 900 square feet!". Duh!

 

[Elliott]

TC,

Come on, the homeowner doesn't care about that, they
only called cause you didn't hit value.

Things I didn't give enough value to:

Gazebos
Fungi ridden spas
Built-in cabinets
Granite Countertops
Huge Outbuildings
Docks, Decks

But I've never had a complaining call if I hit value.
go figure

elliott