Dear Editor,
I've recently become aware of Mr. Bruss' printed suggestion to one of his readers to "have a frank conversation about the appraiser's opinion of your home's market value. If you don't like the answer, don't pay the appraiser."
I cannot communicate how offending and demoralizing comments like this are to the appraising community. But hey--it's trendy! We're a disorganized bunch & easy targets, and it seems like nowadays everybody's jumping on the appraiser bashing bandwagon.
Lenders say appraisers always hit the magic number. Real Estate Agents claim to know more about value and market trends than the value experts, and borrower's have a problem with someone who makes X amount of dollars for an hours worth of work. Lets not forget the ever handy; the appraiser doesn't know the market area comment (only to be used when the experts value determination is below what the Lender, Real Estate Agent or Borrower need to "make it work").
From where we sit; the Lender uses as many appraisers as it takes to get their number, not paying the ones who won't play ball, and appraisers are too often in the unenviable position of coming between a real estate agent and a fat commission check. Pardon me all over the place, but when appraiser's go unpaid for refusing to hit someone's predetermined value estimate, I'd demand cash, certified check or money order too.
Be original--the next time you or one of your readers feels that overwhelming urge to pound an appraiser for costing you that tropical vacation--consider the following; for the good of the public--appraisers must be allowed to perform their assignments ethically with impartiality, objectivity and independence. Suggesting someone hold an appraiser hostage by "not paying them if they don't like the answer" is reckless, and a danger to our economy. I'd rather see you and your readers sign the appraiser's petition--@ www.appraisersforum.com--"for fair and impartial treatment and responsible representation and enforcement of the law," be part of the solution, not part of the problem!
Respectfully,
Mike Simpson
Appraiser/Real Estate Agent