- Joined
- Jan 15, 2002
- Professional Status
- Certified General Appraiser
- State
- California
I have an appraisal report in Kingsfield, it's on hold right now....
I have to add: businesses burned down were largely POC business, the were multi-generational immigrant businesses, family owned buildings. This is not directed at landlords in Mpls, it was directed at what was first available for destruction. Will this trigger a flight to the suburbs like the 1960's?
My biggest issue: will you be going in to these areas/surrounding communities? When? Mostly, what does an appraiser say in an appraisal report? I'm worried about anti-discrimination laws and the like.
The Delicate Dance of a Fair Appraiser
Real estate professionals have to keep fair housing practices in mind at all times, but what responsibilities face an appraiser when it comes to...magazine.realtor
Of course I'll do business in these areas. The only thing that will delay me will be the temporary curfews and police-enforced roadblocks and no-go zones. I was at ground zero for the Rodney King Riots 3 days after they restored order, and although it was a little tense nobody threatened me.
Regardless of the anti-social actions of the militants, the normal people in those areas still need services of all types, including their legal and financial transactions. And they need service providers who are conscientious, diligent and competent to do it and who will follow the data and not any personal concerns they may or may not hold. For example, even if I thought the area was going into decline I would never say something like that in an appraisal report unless that's how the data was going. That would be horrifically unethical.
As an appraiser you are not going to get hassled for doing your job. If someone jams you all you have to do is tell them you're appraising this property for this property owner which is their neighbor because they're trying to get their property financed. Maybe ask them if they know of any houses that have rented in the neighborhood because your appraisal assignment includes a rental survey. That always works. Get in/out before 11:00 AM and you'll be fine. The street scenes don't tend to get more animated until after the crooks get their first couple of 40s in them.
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