• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Real Estate Advisory NIGHTMARE!!!!

Status
Not open for further replies.

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
All right. I haven't done this before, but its time. BLAST THIS JERK. There's a letter to the editor link on this column. USE IT.
 

Pamela Crowley (Florida)

Thread Starter
Elite Member
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
Here is my letter - already sent.

Mr. Bruss is being totally irresponsible with an article like this.

The buyer will very likely need an appraisal to obtain their mortgage and this will kill the deal if the property is way over priced. Real appraiser's DO take into consideration the current market. Too many Realtors are only concerned with making the commission as high as possible and couldn't care less if it harms either the seller or the buyer. In my experience, the Realtors with the biggest names are the worst offenders and don't pay any attention to the Realtors Code of Ethics.

Unbelievable that he would write such rubbish and that it would be published anywhere!
 

Pamela Crowley (Florida)

Thread Starter
Elite Member
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
We need to get together here on the forum and write something to explain REALITY and to hopefully be published there.

I'm appalled by the harm he is causing!
 

airphoto

Senior Member
Joined
Jan 15, 2002
Professional Status
Retired Appraiser
State
Pennsylvania
Pam,

He's not causing much harm .. nobody pays any attention to him, anyway ..
 

Pamela Crowley (Florida)

Thread Starter
Elite Member
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
The uninformed general public thinks he's an expert. Only those of us that are in the business know better. I'd like to have him tarred and feathered on national TV for this article!
 

Claude From NY

Senior Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
New York
The man is a lawyer and a real estate broker, 'nuff said.




P.S. He states that you can't rely on an appraisal OR an internet generated evaluation. What a kook! :x
 

Austin

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified General Appraiser
State
Virginia
I have a different view of people that read this crap and take it at face value. Idiots like this are what keep us in business. I did one last week that was an old two-story home built in 1851 that had been remodeled. The people paid $95,000 for it in 2000 and spent about $30,000 remodeling. They applied for an equity credit loan and told the bank that the property was worth $250,000. Half of it was painted pink and they hadn’t finished painting it yet, so the other half was white. They had the yard covered in pink gravel. When I looked at the picture I thought my camera was broken. Even the trees showed up pink. Camera must have been over loaded with pink shades. I used 11 comparables and it was worth about half that. The woman at the bank that I hand the appraisals in to purchased a similar house about ten years ago and completely remodeled it. It was a show place. Made a mockery out the subject property in all aspects. The bank lady sold her’s about two years ago for $165,000, and it took her about a year to do it. I think they had it appraised five times before some idiot hit the number. I was using a lot of regression at the time and every time I did a data sort that house popped up and was clearly completely out of line. I finally just took it out of the data base. It stuck out like a sore thumb. The lady at the bank looked at the appraisal, said the borrower told her it was worth $250,000, and said it was people like this that keep you in business Austin. She is right.
 

George W Dodd

Senior Member
Joined
Jul 9, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
Pam,

I agree with the idea of writting a letter to the editor and having everyone who wants sign it. But who is gonna write the letter?
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks