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More On Free Comp Checks

How often do you actually get an appraisal order if they want a free comp check first and you won&#3

  • Never

    Votes: 207 30.8%

  • Maybe 1 out of 100 calls like that

    Votes: 107 15.9%

  • About 1 out of 50 calls like that

    Votes: 94 14.0%

  • About 1 out of 10 calls like that

    Votes: 117 17.4%

  • About 1 out of 5 calls like that

    Votes: 94 14.0%

  • I ALWAYS talk them into the order without giving a value first

    Votes: 53 7.9%
  • Total voters
    671
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Comp Check does not equal Predetermined Value. If you do it correctly. Every appraiser I talk to 'in person' does them. You would not do an appraisal half hazardly, so why would you do a comp check that way? Gathering info does not mean Appraisal. I don't know where you get your misinformation. Keep it up, though. More work for me. Thanks.
 
Tazmaniac said:
Comp Check does not equal Predetermined Value. If you do it correctly. Every appraiser I talk to 'in person' does them. You would not do an appraisal half hazardly, so why would you do a comp check that way? Gathering info does not mean Appraisal. I don't know where you get your misinformation. Keep it up, though. More work for me. Thanks.
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I notice you stopped responding in the other thread when multiple USPAP instructors disagreed with you. I also noticed you never cited any of your actual sources as to why you are correct and we are wrong. I wonder why?
 
Tazmaniac said:
Comp Check does not equal Predetermined Value. If you do it correctly.

With all due respect, to learn something, would you please explain how to do a Comp Check Correctly.

Every appraiser I talk to 'in person' does them. I am sure many people do comp checks, but just because they do them, does it make it right?

You would not do an appraisal half hazardly, No I would not, but how can you justify a comp check as being anything else but haphazard?so why would you do a comp check that way?

Gathering info does not mean Appraisal. Any opinion of value disclosed to a client is an appraisal. USPAP 101 and Appraisal 101.

I don't know where you get your misinformation. Keep it up, though. More work for me. Thanks. Or hopefully a sanction from your board. Loss of license is very possible in some states in your practices, not to mention moral and ethical standards. Do you have those?
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If you talked to me or thousand of other appraisers, we do not do Comp Checks. I turned down three in the last 2 weeks (which is abnormal for me to get that many requests).

Think before you speak, and make sure you can justify your opinion.
 
comp checks

DUH!!!, I guess I'm stupid, or sutten, I don't know how to do a comp check correcty, so I don't do dem.
 
Timothy Evans said:
If you talked to me or thousand of other appraisers, we do not do Comp Checks. I turned down three in the last 2 weeks (which is abnormal for me to get that many requests).

Think before you speak, and make sure you can justify your opinion.
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Oh, he justified his opinion in the ethics thread he started. His contention is that if he just pulls some sales and figures out what the property is NOT worth, then it isn't an appraisal. He wrote that several board members and USPAP instructors agreed with him.

Of course, when multiple USPAP instructors joined the discussion and (amazingly enough) didn't agree with him, he stopped posting. Funny how that works.
 
My opinion and I'll leave it at this:

If you do them "correctly", they are appraisals.

If you tell someone what it's not worth, it is an appraisal.

Now, that being said, I can say that I have done a "comp check" but I have a workfile with a signed certification as well as a piece of paper with my notes on how I arrived at my range of values. I don't do these for every person that calls because most of the time they are just shopping for values. I will do these for my long term clients once in a while because they will also do things for me when I have a customer looking for a loan.

DaveT in NC
 
It seems Taz is a hit and run poster who can't be bothered to actually understand and discuss the meaning of what he and other posters are saying.

We can only hope that he has taken some new understanding from these threads even though there is evidence to the contrary.
 
deturner said:
My opinion and I'll leave it at this:

If you do them "correctly", they are appraisals.

If you tell someone what it's not worth, it is an appraisal.

Now, that being said, I can say that I have done a "comp check" but I have a workfile with a signed certification as well as a piece of paper with my notes on how I arrived at my range of values. I don't do these for every person that calls because most of the time they are just shopping for values. I will do these for my long term clients once in a while because they will also do things for me when I have a customer looking for a loan.

DaveT in NC
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The thing is, Taz doesn't think it is an appraisal. That is the problem.
 
Stone said:
The thing is, Taz doesn't think it is an appraisal. That is the problem.
Click to expand...

Amazing, an appraiser that doesn't know an appraisal when he does one.:rof:
 
Mr Rex said:
Amazing, an appraiser that doesn't know an appraisal when he does one.:rof:
Click to expand...

Isn't it? No wonder so many users have a hard time understanding (if they try at all).
 
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