Rebuttal from Listing Agent??

[CANative]

Cost of doing business. Just do it. Try to be pedantic if it helps you feel better.

 

[Bill75]

I recently did an appraisal as a purchase for a lender thru an AMC. The appraised value came in lower than the contract price. Now I get a rebuttal request from the AMC. They are providing 2 other sales and lots of commentary, but it appears that this rebuttal was written by the listing agent and sent to the AMC via the lender. Since the lender is the client and the only intended user, I am not obligated to answer correct? The listing agent is not an intended user of the report. She legally should not have a copy of it unless the lender/client gave written permission. Not sure how to proceed with this. I have not done a response yet, but was thinking, wait a min, why does the LA have the appraisal report?

Just do it. Respond to their ridiculous accusations that those Sales are comparable and embarrass the agents. I hate these ROVs just like the next appraiser, but it's sure is fun tell them they're either incompetent or just number pushers. I spend a little more time on my ROVs for various reasons, I grid them and discuss how the original comps are better and feature fewer adjustments in hopes it educates the agents a little.

 

[RCA]

As a good appraiser should be able to explain the price difference, as long as it is an intelligent market, i.e. there is a rhyme and a reason to the pricing. If nothing else, you should more or less have an explanation for any anomalies in your workfile.

The real problem is that you don't have time to respond to queries, if you are getting paid substandard fees, --- without good reason. If you already had what you consider relevant comments in your report, just refer to them and be done with it; after all no one said you were required to provide an appraisal report destined to the eyes of the enemy, i.e. the listing agent. If you had known that, you would have charged them more, right?

 

[djd09]

not much has changed since 2004. or is it better to say the more things change, the more of the same. it (just) reminds me of the scum bag brokers trying to weasel some big number. fond memories.

well, anyways, ask them how much they think it is worth. then ask them for their license number, (just) in case you want to turn them into the State.

 

[Carnivore]

IMO

We sell our credibility in every appraisal report we submit. On those occasions when I know I'm not hitting someone's desired outcome - which is often - I make the switch from defense to offense. At that point my goal is no longer limited to supporting why I think I'm right; I'm also going to actively set out to demonstrate why I think the opposition is wrong. Why I think that no reasonable person outside this transaction would consider their conclusion to be better supported by the data than mine.

I start out in my neighborhood analysis by getting more specific about it's composition and overall pricing trends for all properties therein. The subject usually fits in there somewhere. By itself that step alone imposes a barrier for the opposition to overcome when they claim a value conclusion that obviously exceeds the neighborhood's demonstrated performance. I do the same for my market segment (obviously in a difference section of the report)

I spell my dominant search parameters out in a little detail and comment that properties that don't fit these parameters cannot be considered more directly comparable than the properties which do fit those parameters. If I'm aware of a couple outliers I address them directly; I don't wait for the opposition to claim that I "missed" them.

It's like Conan said

Q: What is best in life?​

​

A: "Crush your enemies, see them driven before you, and hear the lamentation of the (brokers)!"​

I am sure you have said all the above before, because I do what you do, Probably because I learned it from you and some others here at the Forum. Essentially when you know feathers will be ruffled you become more Proactive in hammering nails in the Coffin before you submit the report. This as opposed to being Reactive after submitting your report. Way more Efficient. It only take a little bit of splainin when you have the report open prior to submitting.

Some times that doesn't work...fortunately its rare.

 

[Tim The Enchanter]

Essentially when you know feathers will be ruffled you become more Proactive in hammering nails in the Coffin before you submit the report.

Yep. Extra coffin nails all around. Can't hurt to sharpen up your wooden stake for any vampires.

 

[djd09]

Value Reconsideration Email Templates


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We understand that value rebuttal or a reconsideration requests can be difficult to navigate or often frustrating, and we are here to help!

Value Reconsideration Email Templates | CoesterVMS

We understand that value rebuttal or a reconsideration requests can be difficult to navigate or often frustrating, and we are here to help.

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yeah, i'm sure he would agree with most of yous.

rather be a troll then some puppet.

 

[sputnam]

Since the reconsideration request came to you from the AMC, which is acting on behalf of the Lender, you might want to respond. Of course you don't HAVE to.. however, if you don't, you may not be doing work through that AMC in the future.

 

[Artemis Fowl]

OP Never answered my question. 2 sales with summary sounds like a proper way to request re-consideration. Is it a credible argument?
Lot of people assuming. Lot of people putting up defensive fortifications without even having seen it.

 

[ucbruin]

I call it Whitewater : ) LOL

While in The Box....
I heard a rumor that an AF member was at other members who turn threads political....
Is this true????