Oy, vey!

[Alison Swain]

Here's a daily dose:

"The value came in at $228k vs $230k that was requested. Is there any way you can bring in $2k more?" :Eyecrazy:

m2: :new_all_coholic:

 

[CANative]

It's only a number to you but it's his yield spread to him. And Christmas is only two weeks off.

 

[Tom Woolford]

8/10 of 1% is well within a statistical margin of error. Round to the nearest $10K and get on with life. I don't think I'm good enough to pinpoint a value to within $2K, or anyone else for that matter.

 

[George W Dodd]

Depends, doesn't it. What's your indicated value range. Did you go to a midpoint or rely on the indication of the best comp?
It's your judgement supported by the data. Call it like it is and move on.

 

[Tudor]

8/10 of 1% is well within a statistical margin of error. Round to the nearest $10K and get on with life. I don't think I'm good enough to pinpoint a value to within $2K, or anyone else for that matter.

The value is what it is. Requesting the appraisal to come in at a certain amount has to stop, period, no matter how small the number is or how small of a percentage it is.

Why can't they just do the loan at whatever amount they want, they know what it is worth and now they can calculate the risk accurately. Why do they always need the appraisal to be at a certain number?

 

[Doug Meyer]

Miss Alison, your just a trouble maker for that poor hungry broker!!!

 

[Jungle Boy]

If the value range was between 220 & 228, then 230 would be a little high, wouldn't it.

228 is probably already a stretch :laugh:

 

[Jerry Bone Jr]

I don't think I'm good enough to pinpoint a value to within $2K, or anyone else for that matter.

I'm good enough. The market data isn't good enough.

 

[Mr Rex]

Think of the children, waking up on Christmas morning, and the littlest one proclaiming "God bless us, every one, except that bee-ach appraiser that couldn't push a little harder just so the MB could make the payments on his Lexus, and we could get the latest X-Box and Wii, so we aren't ostracized at school becuase my Skeechers are so last month, and mom might not be able to pay the cell phone bill on my razor, and my i-tunes account is about to go into the red...."

 

[CANative]

The value is what it is.

I wonder. Is it that the value is what it is or is it the opinion of value is what it is?