Owner Ordered Appraisal

[49ergirl]

On the next divorce?

lol - it's his 3rd! I told him should he feel so compelled so shack up in the future, forget the nuptials and sign an Operations Agreement if he "needs" that paper.

 

[hastalavista]

I don't know what the climate of the relationship is between your co-worker and his/her soon to be ex-spouse, but if the dissolution is amiable (or as friendly as such situations can be), then I would recommend that the spouses get together, mutually agree that the report tendered has too many errors to rely upon, and then hire another appraiser (I'd do my best to get my money back from the first appraisal).

Most of my residential work is non-mortgage. Not all divorces are the Hatfields vs.McCoys. Many want an equitable division based on the value of the home. In such cases, both spouses are my clients and the report is used by both for their asset-division purposes.

One thing to advise your coworker (which s/he likely realizes now): It is important to interview the appraiser and make sure the appraiser has experience and competence in valuing homes for non-mortgage (marriage dissolution) purposes.
Not all types of appraisals are the same. Most residential appraisers specialize in mortgage work and might do a one-off. Your coworker wants an appraiser who does this type of work on a regular basis.

Good luck!

 

[49ergirl]

On the next divorce?

lol - it's his 3rd! I told him should he feel so compelled so shack up in the future, forget the nuptials and sign an Operations Agreement if he "needs" that paper.

Yes...$5,000 is too small. Who in the world makes a $5,000 condition adjustment on a 1/2 million dollar house?

You would think in our area, finding a reputable firm would be too easy. This was his 4th attempt. The first guy canceled an hour before the appoinment time which had been scheduled two weeks prior and confirmed two days prior. Another company never responded to inquiries via email or phone, the third wasn't even in existence and this guy told him the day of the appraisal, "Just confirming, you are not using a Lender, right? I do not do appraisals that deal with Lending companies." that seemed fishy to me, but what do I know? It came across as it was too hard for him and too big of a hassle.

All these companies were the top listed and top rated when doing a Google search and most of the others didn't have working numbers or seemed to go out of business. I checked this guys license prior and he's been doing it since the 80's with a clean record, no complaints and all CEUs are current. Maybe I could learn how to get certified....actually my strengths are starting and operating business of all types - I think y'alls job is way to hard for me.

 

[hastalavista]

Here's a website I recommend to find an appraiser.

https://www.appraisalinstitute.org/find-an-appraiser-advanced-search/

Full disclosure: I'm a member of this organization.

Whether one uses this resource or another, I still advise to interview the appraiser to ensure that the appraiser has experience and competency in non-lender/marriage dissolution appraisals.

Good luck!

 

[residentialguy]

She probably tipped the appraiser better than he did

 

[49ergirl]

I don't know what the climate of the relationship is between your co-worker and his/her soon to be ex-spouse, but if the dissolution is amiable (or as friendly as such situations can be), then I would recommend that the spouses get together, mutually agree that the report tendered has too many errors to rely upon, and then hire another appraiser (I'd do my best to get my money back from the first appraisal).

Most of my residential work is non-mortgage. Not all divorces are the Hatfields vs.McCoys. Many want an equitable division based on the value of the home. In such cases, both spouses are my clients and the report is used by both for their asset-division purposes.

One thing to advise your coworker (which s/he likely realizes now): It is important to interview the appraiser and make sure the appraiser has experience and competence in valuing homes for non-mortgage (marriage dissolution) purposes.
Not all types of appraisals are the same. Most residential appraisers specialize in mortgage work and might do a one-off. Your coworker wants an appraiser who does this type of work on a regular basis.

Good luck!

oh yeah.....these two are cats n dogs! there is nothing amicable about this mess. God help the people they date after this mess is over with. lol

 

[bnmappraisal]

"Just confirming, you are not using a Lender, right? I do not do appraisals that deal with Lending companies." that seemed fishy to me

That's not fishy. I ask all of my private clients a similar thing. Basically I don't want them to waste their money; I'm not that type of business person.

The reason is that if a private individual asks me for an appraisal and then wants to use it for lending purposes (refi for example) the lender will most likely have their own appraiser do the appraisal. This will then lead to another fee for the "client"

Now, I have had private individuals hire me to appraise their house knowing that if they decide to refi, etc they may have to pay again for that other service/appraisal. But again, I try to be upfront with my clients about this, and it sounds like (from your post and the way I read it) this appraiser who said it was meaning something similar with their comment

 

[49ergirl]

My apologies - I in no way meant to offend anyone. I'm learning and understanding more and more about this process and what the job entails. I realize what probably led me to that assumption is;
1. staring at the report for two days and finding a new error each time
2. reading his summaries and how obvious it is that each conclusion contradicts the other
3. I'm only hearing 2nd hand what he said to my friend who's already cranky because ....well he's prolly cranky for many reasons - who knows.
4. I think i'm beyond cranky myself....spending all this flippin time on this and it ain't (yes in Texas, for emotion and emphasis we're allowed to use 'ain't')....it AIN'T EVEN my problem. also it brings up childhood issues...like my parents being Perry Mason, Barnaby Jones and Murder she wrote fans...it caused some post-childhood disorder that when coupled with my OCD -can be dangerous. I've spent so much time because it's like a train wreck and I can't look away. I'm verifying every line now and pulled CC&R then got stuck reading that whole mess...because well its all so interesting.

All of that leads to me blathering on (like now) and saying/posting without realizing how it may sound to others. I sincerely apologize if I offended anyone because of my ignorance.

Hearing y'all explain the how/why you select the types of clients you work with - well now it makes perfect sense.

And everyone in here has been so helpful - I truly appreciate it. And now I'm gonna look all smart, help my friend get this fixed and I learned something new.....all of which i can bill him for in the form of cold beer at the local pub while it's still football season! my team, 3-10....has caused my bar tab to increase

many many thanks

 

[TRESinc]

all of which i can bill him for in the form of cold beer at the local pub while it's still football season! my team, 3-10....has caused my bar tab to increase

could be worse... they could be 1-29 over the last two years...

 

[49ergirl]

TRESinc, you're a jokester........hmph!!
As we say in Texas: Lord, Bless his sweet little Heart!