On purchase transactions, can effective date of appraisal be changed from inspection date?

[Zoe]

Just go back and do interior again. You already have the report pretty much done. Change effective date with new comp and explain everything on the prior appraisal effective date and new appraisal report with new signature.

You will be fine. It keeps everything clean to anybody looking at the prior appraisal report and the current appraisal report. Full disclosure.

Remember you weighted that new comp heavily.

 

[Mark K]

You would then be lying if your report said you did an interior inspection on the effective date. If the order wants an interior inspection, then you can not just plunk in an extra inspection by driving by and changing the date.

The form says..."date of inspection...".

 

[Zoe]

Almost like ROV. Same procedures apply. Except you need to go back and change effective date.

Mark report REVISED report in bold and explain everything in the new report.

 

[Zoe]

You made the boo boo. I probably would not charge my client for redoing it.

 

[J Grant]

The form says..."date of inspection...".

MOST forms identify if there was an interior or exterior (or none ) inspection performed.

Most of these desperate ask for help address an interior inspection - - if it was an ext driveby the first time it would not be a problem - appraisers are looking for a workaround because it IS an interior inspection -

again, would you be giving this advice if the new sale closed lower than the SC price ? NO, - right?

Yeah I can just see it -a sale closed the day after, it does not support the SC price so I am going to turn myself inside out to include it and even change the effective date and maybe even fudge what kind of inspection was performed on the new eff date was -

 

[J Grant]

You made the boo boo. I probably would not charge my client for redoing it.

It was not a boo boo, the sale closed one day after the effective inspection date so now the appraiser wants to change the deff ate to use it as a closed rather than a pending sale.

 

[Zoe]

It was not a boo boo, the sale closed one day after the effective inspection date so now the appraiser wants to change the deff ate to use it as a closed rather than a pending sale.

I am not sure that is the way it went. I think they included it as closed sale as of effective date of original appraisal. Different.

 

[Mark K]

... I am going to turn myself inside out to include it and even change the effective date and maybe even fudge what kind of inspection was performed on the new eff date was -

This is pretty funny coming from Ms. 50 Shades of Gray (areas) that will parse and dissect every word, phrase, or sentence to try to convince the world that Trump is guilty of EVERYTHING BAD that has happened in the past 50 years and try to convince everyone that Joe Biden is in control of his mental faculties.

 

[Zoe]

Effective date is very important in the valuation process as several have noted.

Obviously client is having a problem with it. Seems like small fix to me.

Is the property occupied or vacant? Doesn't matter. Easy fix.

Go back. Document everything in revised report.

New signature date. New effective date.

Value does not seem to be an issue here. Small problem.

 

[J Grant]

This is pretty funny coming from Ms. 50 Shades of Gray (areas) that will parse and dissect every word, phrase, or sentence to try to convince the world that Trump is guilty of EVERYTHING BAD that has happened in the past 50 years and try to convince everyone that Joe Biden is in control of his mental faculties.

what does your personal/political rants about me, which you feel entitled to make in an appraisal section, have to do with changing an effective date -