No Comp Check, inspect first.

[JTip]

Phone call from a 'long time' client went something like this:

Could you drive to (about 30 minutes away) and do an interior inspection, checking for updates, and then see if we can come in at X? If X cannot be reached, then we will not procede.

I can't wait to be Certified! What will I do with all this money!?!?! Thank goodness I have real estate to fall back on.....er...uh oh...

 

[Joker]

"Well yes I can. I only charge $100 more for an oral appraisal report."

 

[Mr Rex]

Can you send the check for full fee first, then after I complete the appraisal, I will send you back the part I didn't use?

 

[Hamlet]

Tell them that due to the increase in gas costs, you’ve unfortunately had to increase the charge of your trip fee, but the good news is that your charge for a URAR has been reduced. Amazingly, they are now the same price! Boy, that URAR sounds like a bargin to me.

 

[Caligirl]

Introducing the new and improved 'field check' request.

What's next. 'Can you appraise this property and let us know if you can get $X, if not don't charge us'.

 

[Doug Smith SRA]

Appraisals On Spec

After all the developer buys land and develops streets and lots on spec.
The contractor buys the land and builds the house on spec.
The real estate agent contracts to sell the house on spec.
The loan officer prepares the loan papers on spec.
The Title company prepares the Title Committment on spec.

ZAIO recognized the genius of this on spec system and prepares on the shelf appraisals in advance.

I spec there are appraisers out there who will jump in their car when called for the delux version of the comp check, do a walk through and start doing appraisals on spec.

 

[Ross (CO)]

The race to the bottom......is definitely fast, and verifiably furious.

One of the leaders in that race ?......is the $45 Desktop Valuation Report with NO Intended Use being expressed by the client, appraiser assuming just another appraisal for a mortgage finance transaction,....and people ARE providing these !

 

[Lee Lansford]

Phone call from a 'long time' client went something like this:

Could you drive to (about 30 minutes away) and do an interior inspection, checking for updates, and then see if we can come in at X? If X cannot be reached, then we will not procede.

I can't wait to be Certified! What will I do with all this money!?!?! Thank goodness I have real estate to fall back on.....er...uh oh...

You received the enquiry or your Supervisor Appraiser received the call?
Never mind.

What they are asking of you is what many of us would refer to as an appraisal.

Have the remove the unacceptable language in their request and then you may proceed with the assignment.

 

[Karl]

This shhhiii wouldn't be happening IF there weren't Appraisers out there doing it & Things a lot worse!!!!!!

NO ONE TO BLAME FOR THE DESTRUCTION OF THE APPRAISAL PROFESSION OTHER THAN APPRAISERS THEMSELVES.

Yes we were set up to be the fall guys/gals!!! BUT we are the ones that allowed it to happen. NO one made us do the things many did during the "BOOM" It was a decision of the individual Appraiser.

How about ALL those Trainees thast were mass produced during that time?? How you all getting along now they are cutting the FEES of those that "TRAINED" them!! & I hear many of them now have their own TRAINEES!!

The best example of this is; How many are still doing work for AMC's & yet also saying GO PAM???

 

[Fred]

Can you send the check for full fee first, then after I complete the appraisal, I will send you back the part I didn't use?

In some professions, they call that a retainer. In appraising, apparently some folks work on spec, hoping their work will create client need for more work that will actually be paid for.