Sale History

[George Hatch]

True. If an appraiser can't see it then neither can any of the market participants.

Still (and coming from the data rich environment I work it), not being able to see stuff feels like performing on a high wire without a net.

 

[Tim Hicks (Texas)]

True. If an appraiser can't see it then neither can any of the market participants.

Still (and coming from the data rich environment I work it), not being able to see stuff feels like performing on a high wire without a net.

Fortunately, 98+% of residential sales are sold through the MLS here. When I do get somebody to provide a closing statement for a private sales, it interesting how much they lie to their neighbors about how much they got for their home.

 

[Fernando]

The problem with current state of 1004 is that appraisers have to keep in mind in appraising under lender's guidelines.
I sometimes forget (or because Fernando does his own way) and reviewer would request bracketing, explanation on adjustments (real appraisers would see and don't need to ask), and such.
Unless adjustments are large, the detailed "small" increments in adjustments (example like double pane windows, patio, etc) do not change the appraised value.
Many have lost what is important in an appraisal report and focus on less important appraisal items.
I can see how other appraisers would appraise what lenders want in their guidelines and forget the more importance of choosing correct comps and appraisal analysis.