Other appraisal's condition rating different from mine

[Fernando]

After looking at comps, I was to give C4 rating with some updates. I consider older updates still C4.
Then looking at data from other appraiser, he/she gave C3.
C4 and C3 can be so subjective. My standards are higher.
Should I stick to my C4 rating or go with C3? Either case, I still give same nominal adjustment.

 

[Fernando]

I looked at the comp again. I decided to stick with my C4 rating. I have no idea how that appraiser gave that comp C3.
I didn't see personally inside but from the photos and description, it ain't C3.

 

[Fernando]

Another comp was given a C3 by other appraiser. It can go either way so I'll change my C4 for that comp to C3.

 

[Fernando]

In one of my comp, the gross area from other appraiser is 4% off from assessor records.
Should I use assessor record figure or supposedly ANSI measurement from appraiser?

 

[Fernando]

Does Fannie cross check other appraisals figures to my comp figures?
I even have discrepancies with other appraisers giving Q3 instead of Q4 for comps. We're so different.

 

[chad hampton]

I have no doubt a lot of properties are C4 in some eyes and C3 in others. I wouldn't be concerned. It can be a C3 and then a C4 2 years later. Appraising in subjective, meant to be looked at by human eyes. Not computers.

 

[Dublin ohio]

Does Fannie cross check other appraisals figures to my comp figures?
I even have discrepancies with other appraisers giving Q3 instead of Q4 for comps. We're so different.

CU does compare ratings as well as other items. If the majority of appraisers rate a property C4 and you rate it a C3. That will cause a CU warning

 

[Fernando]

CU does compare ratings as well as other items. If the majority of appraisers rate a property C4 and you rate it a C3. That will cause a CU warning

I don't want to cause a CU warning.
Yet when I know I'm right and definite, I have to use the correct rating.

 

[Tom4value]

Some underwriters come back on appraisers for every CU warning instead of doing their job and analyzing on their own.

When it happens to me, I state how I came up with the rating (by reading the MLS listing and/or asking the listing broker). For instance, “Comp 1 has a kitchen and baths that were updated 10 years ago and a roof that was replaced 12 years ago. Although the property appears to be in good condition, the age of the updating, per UAD definition, earns it a C4 rating.” I preface this with the comment, “the appraiser cannot comment on how other appraisers came up with a C3 rating”.

 

[Tom D]

c3,4 ratings are for overall impression of the majority items in a house. a new kitchen. or bath. doesn't make a c3. now you can & should make condition adjustments on c4 comps, since that is a pretty wide condition range. fannie has stated you should make adjustment on similar conditions if an items warrants it.

Some underwriters come back on appraisers for every CU warning instead of doing their job and analyzing on their own.

any lender that did that more than 2 times to me, i dropped them.
my clients have a high tolerance for that non sense. i also think the CU score may affect an underwriter's analism.