Is pulling comparable sales an appraisal?

[JeffSH]

Good grief. You can pull best or most comparable comps. It's not an appraisal. In fact I'll go one step further. You could even find the best listing price to list a house at and not be an appraisal.

Oh, btw... nicer houses have a higher value than crapier ones. Guess what... I don't have a work file for that. Oh my!

I agree with your sentiment, but aren't you doing free appraisal work by giving someone the best MLS comps?

 

[ucbruin]

OP did not mention MLS....

 

[djd09]

price does not always equal value

 

[Tom4value]

If somebody asked me to pull the most comparable sales to a specific property and I pulled the top 3-10 comparable sales and supplied those, would that be considered an appraisal? I was thinking mostly of doing this to help agents, buyers, or sellers understand what properties compare to the property they are selling or buying. Would I be subject to the record-keeping rules? Would there be anything else that I should make sure I have done when doing something like this? Any guidance would be greatly appreciated.

Yes you can. You just have to stay away from providing an opinion of value or even a value range. You provide the sales (stay away from calling them “comps”) that’s it. That is not an appraisal and you do not have to keep a file.

 

[shrubberyvaluation]

giving someone public information you had no hand in creating is not an appraisal.

The difference is if you are telling them the best comps in your opinion.

 

[Terrel L. Shields]

That is not an appraisal and you do not have to keep a file.

wrong...you were chosen for being an appraiser therefore it is appraisal practice. You need a workfile

 

[Digger88]

The difference is if you are telling them the best comps in your opinion.

i didnt mention best comps. if a dude asked me for recent sales from his neighborhood id just print them out and send them. thats not an issue.

 

[Digger88]

If you give this person all of the comparable sales, then it is not an appraisal.
If you give this person the best comparable sales, then it is an appraisal.

sure i never said best anything. just recent sales data for a neighborhood is not an appraisal.

 

[djd09]

The difference is if you are telling them the best comps in your opinion.

so when posters start posting sales from zillow in the marin city case is that an appraisal or a review

 

[shrubberyvaluation]

i didnt mention best comps. if a dude asked me for recent sales from his neighborhood id just print them out and send them. thats not an issue.

I was referencing the OP

"If somebody asked me to pull the most comparable sales to a specific property and I pulled the top 3-10 comparable sales and supplied those"