Revision denied... Appraiser can explain basic principal of supply & demand for an additional fee

[Mike Ault]

"Why" there is an under supply of properties on the market and what effect that might have on marketability just screams that no human issued those "findings". If they want to press "the easy button" and get an appraiser's response to it, they're sure to enjoy mine. I've gotten to speak with several chief appraisers at various AMCs over the years due to my over-the-top revision request responses, they have always ended amicably & I haven't lost a client over them yet. Most of them realize that having your computer issuing brain-dead stipulations & demanding responses to them from the appraiser is a poor business model.

 

[glenn walker]

Nobody's arguing that it's stupid
but it's a business decision and if that customers orders amount to 7% of your yearly income that's a big hit if your doing $100k plus a year.

The appraisers got to make a decision tell them to F-Off or spend five to ten minutes to write a very short explanation. For $700.00 plus a month i would have complied but once again it's a business decision and only that appraiser can make the call.

 

[Mike Ault]

If more appraisers would just say NO to unprofessional demands as the op did, it would be better for all of us. I do my part.

 

[glenn walker]

The problem is the ones who give the just say no advice aren't paying the appraisers bills.

 

[Mike Ault]

The problem is the ones who give the just say no advice aren't paying the appraisers bills.

That's why not everyone is cut out for this profession. It requires a spine, you can't just blow in the wind and hope to get paid for it.

 

[glenn walker]

That's why not everyone is cut out for this profession. It requires a spine, you can't just blow in

Deleted.

 

[djd09]

Please comment on the cause of the under supply

wait what....the cause of under supply...might as well ask you why the sky is blue are they this stupid

 

[Surf Cat]

If more appraisers would just say NO to unprofessional demands as the op did, it would be better for all of us. I do my part.

This is happened to me when I used to work for AMCs. I'm assuming that the op initially replied " please see page one, neighborhood section, for shortage explanation". That doesn't suffice though and they come back asking for further details.

So, they get the letter in the op, or your version (which is really creative by the way). I've sent a couple sarcastic letters to AMC's and those typically don't work. What I have found at works, is something to the nature of "if you want extra, you're going to have to pay". Usually, the report states accepted after that.

 

[autobot]

Quik ques: where can a NON-industry pro such as myself see some Appraisal Report real life examples?

I guess it would be OK if they were "address redacted", but being able to see the actual house would sure be helpful.

I'm sure SOME people might want them to be "confidential" but many others would be happy to let anyone see.

 

[George Hatch]

The question I would ask is this:

You are operating in the most difficult marketplace environment we have ever seen. The level of competition is about as fierce as it can get. Against that backdrop can you afford to build a reputation with any existing clients as being uncooperative or high maintenance? These workers tend to migrate to other employers over the years and they take their referrals with them. Nobody is asking you to lie, but it is a fact that when the volumes are down the reviewers and underwriters will invariably slow down and lift their leg on a larger number of appraisals just to show they were there and to justify their continued employment and engagement. Now is not a good time for their employers to get the idea these workers are coasting. It's not personal on their part, it's just business.

Everyone who has survived through the last RE slowdown knows I am not exaggerating. For some of us this is the 3rd RE cycle we've been through, so none of this tightening is new. This is the kind of thing that happens whenever there's not enough volume to keep everyone busy at every desk in the process. Things that they used to allow to slide no longer get the free pass.

So do you want to win or not? Because I want you to win and I don't think getting uppity with these reviewers over stips is a good plan.