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If not comp checks.then what?

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frozone

Thread Starter
Sophomore Member
Joined
Jul 20, 2006
Professional Status
Certified Residential Appraiser
State
New York
I was just sitting here looking through my email and noticed a familiar AppraiserUSA.com Customer Contact Form message. Of course ist not an order but a "value check" from an out of town LO. Now I dont do these but am wondering, what if you forward the LO with an assessment record...let the draw their own conclusions? Is that breaking or bending the rules? I mean Im sure they will probably find someone that will do the value check, but at least this way youre not giving them the complete "cold shoulder".
Probably only takes 2 minutes to pull one up anyway and its not like Im overburdened with work.
 

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
Sebastian,
Sending a email back with AV is like throwing in a line without
bait. The LO wants bait, he'll keep swimming until he finds
a guarantee, then he'll pull you in, hook, line, and sinker....though
it will have to be your fee at closing (maybe).
 

Obsolescent

Senior Member
Joined
Jul 6, 2004
Professional Status
Certified Residential Appraiser
State
Minnesota
Wouldn't that be steering them in a certain direction with such specific information?
 

Ted Martin

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified General Appraiser
State
Kansas
In my state it's public information. I'm willing to provide public information with a disclaimer that I neither agree or disagree with the county appraiser's opinion of value.
 

Lawrence R.

Senior Member
Joined
Mar 27, 2007
Professional Status
Certified General Appraiser
State
South Carolina
I was just sitting here looking through my email and noticed a familiar AppraiserUSA.com Customer Contact Form message. Of course ist not an order but a "value check" from an out of town LO. Now I dont do these but am wondering, what if you forward the LO with an assessment record...let the draw their own conclusions? Is that breaking or bending the rules? I mean Im sure they will probably find someone that will do the value check, but at least this way youre not giving them the complete "cold shoulder".
Probably only takes 2 minutes to pull one up anyway and its not like Im overburdened with work.

My guess is that if an assessment record was all they needed, they wouldn't have called you. They need a licensed appraiser to give them an opinion of value. If you send them an assessment record after a clear request for a value check, I think the reasonable man can imply you are at a minimum saying you agree with the assessor's value.

There is no way out of this situation. Your opinion, your data, your ideas, your abstract thoughts...the stuff you mutter in your dreams...are appraisals based on the fact that you are an appraiser and they are seeking you to operate in the capacity of an appraiser, not as someone who faxes them public records that anybody could get a hold to.

If all I needed to make a loan was a property card, I would never call an appraiser for anything. They need us...get that...they NEED US.
 

Karl

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Arizona
I was just sitting here looking through my email and noticed a familiar AppraiserUSA.com Customer Contact Form message. Of course ist not an order but a "value check" from an out of town LO. Now I dont do these but am wondering, what if you forward the LO with an assessment record...let the draw their own conclusions? Is that breaking or bending the rules? I mean Im sure they will probably find someone that will do the value check, but at least this way youre not giving them the complete "cold shoulder".
Probably only takes 2 minutes to pull one up anyway and its not like Im overburdened with work.

Forward it to one of your GOOD clients as a warm lead.
 

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
Karl,
Great outside the box thinking.
 

leelansford

Elite Member
Joined
Mar 29, 2002
Professional Status
Certified Residential Appraiser
State
Illinois
I was just sitting here looking through my email and noticed a familiar AppraiserUSA.com Customer Contact Form message. Of course ist not an order but a "value check" from an out of town LO. Now I dont do these but am wondering, what if you forward the LO with an assessment record...let the draw their own conclusions? Is that breaking or bending the rules? I mean Im sure they will probably find someone that will do the value check, but at least this way youre not giving them the complete "cold shoulder".
Probably only takes 2 minutes to pull one up anyway and its not like Im overburdened with work.

Engage the person making the request and if this person SPECIFICALLY requests (in writing) that you provide the assessed valuation (and nothing further) and you comply exactly, you have NOT provided an appraisal.

If you go further...be careful...as you will likely be crossing into "appraisal-land" and all of the requirements (USPAP etc.) that go accompany an appraisal by an appraiser who is subject to the USPAP.

But...why bother at all?
 

frozone

Thread Starter
Sophomore Member
Joined
Jul 20, 2006
Professional Status
Certified Residential Appraiser
State
New York
Wouldn't that be steering them in a certain direction with such specific information?

Thats kind of what I was wondering. Although it is public information I'm just wondering if those Appraisers that dont do value checks have a problem with providing such assessment info. It may not lead to an order but then again you never know.
 

leelansford

Elite Member
Joined
Mar 29, 2002
Professional Status
Certified Residential Appraiser
State
Illinois
Thats kind of what I was wondering. Although it is public information I'm just wondering if those Appraisers that dont do value checks have a problem with providing such assessment info. It may not lead to an order but then again you never know.

Again...don't respond to the original request with an "assessed value"!

Read my prior post.
 
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