Max house value for accepting a residential appraisal

[glenn walker]

75~ million to be purged...a new holocaust?

In the 2024 U.S. presidential election, Donald Trump, the Republican candidate, won with 312 electoral votes, defeating Democratic candidate Kamala Harris, who received 226 electoral votes. Trump garnered approximately 77.3 million popular votes (49.8%), while Harris received about 75 million (48.3%) of the votes.

Simple Proof our two party's vote down the line for their party not what's best for the Nation. We are now Team Red and Team Blue. Hopefully the two party system implodes and we just get one Party and one leader.

 

[Dublin ohio]

Did you ever think that you would live long enough to see an administration going after people or organizations who express "anti-Christianity, hostility towards traditional views on family, religion, and morality" in America? I didn't. And the reason they are doing that is simply to stifle dissent. That's straight out of the authoritarian playbook.

You forgot to include anti semites

 

[Mike Ault]

You forgot to include anti semites

Yes, left off "anyone who doesn't believe in fairytales"… good catch. A useful post for once.

 

[Terrel L. Shields]

You forgot to include anti semites

 

[Fernando]

View attachment 105648

Bottom line​

• He did speak about people being attacked while celebrating a Jewish holiday.
• The exact wording you provided does not appear in any verified transcript or article.
• It is likely a summarized or paraphrased version of what he said during the Hannity segment.

 

[ZZGAMAZZ]

You just performed a $7 million appraisal. Better notify your E & O to expect some trouble…

I was confused recently when I contacted my E&O provider before accepting an assignment of a residential property that probably exceeded by E&O coverage by about $3M. The E&O carrier responded to me by email saying, "Don't worry because it doesn't matter unless the cllient requires your coverage to be higher." What does that mean????

 

[sputnam]

"Highest and Best Use" determines who should appraise what. I have no problem appraising multimillion dollar properties. And remember, if your state has limitations which prevent you from appraising anything over a certain transaction amount, those would be related to the "loan amount", not the purchase price or appraised value.

Actually... to the transaction value... which might be the loan amount or might be the purchase price, if it's a cash sale.

 

[ZZGAMAZZ]

Actually... to the transaction value... which might be the loan amount or might be the purchase price, if it's a cash sale.

An appraiser needs to conduct the contract analysis of a purchase before accepting an assignment? Seems kinda unwieldy unless he or she can charge a fee for declining an assignment!!!

 

[Surf Cat]

A high-end estate in Holmby Hills was the main reason I walked away from working for AMCs. My mentor and I used to tag team on these.... I told him there was no way that we should even look at the assignment for the fee they were offering. My mentor pushed, pushed, pushed until I relented.

The amount of time, detail, leg work needed to convey the properties luxury market dynamics, regulatory environment, high values, H&BU, condition, features to include privacy, guest houses, bowling allies, swimming pools, home theaters, wine cellars, expansive outdoor living spaces (describing a lush, landscaped ecosystem with water features is no joke) and high-end finishes in comparison to other Estates in the neighborhood is exhaustive.

Good luck getting in touch with the Hot Shot listing agents. They're not going to talk to an appraiser.... you only get to talk to the assistants whom really seem to know nothing about real estate. I remember one time actually getting through to one of these guys and when I asked if he thought his listing would sell close to listing price, he told me "I have no idea how much that place is worth".

Bottom line, if you work alongside someone who's experienced in doing these, I would do it for the experience. Hopefully, the fee justifies the amount of work it's going to take.

 

[glenn walker]

I was confused recently when I contacted my E&O provider before accepting an assignment of a residential property that probably exceeded by E&O coverage by about $3M. The E&O carrier responded to me by email saying, "Don't worry because it doesn't matter unless the cllient requires your coverage to be higher." What does that mean????

The E & O Carrier wants the least amount of coverage not the most in litigation and the Lender determines what amount of coverage is required on the assignments.

In cases where the average appraiser
has no wealth or assets it's kinda a mute issue as a $500k judgement would bank rupt 95% of all appraisers so BFD if you got hit with a $3 million judgement your heading to bankruptcy anyways. In your case carry the smallest policy lenders will approve.