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Sample Appraisal

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dchambliss

Freshman Member
Joined
Jul 14, 2009
Professional Status
Certified Residential Appraiser
State
New Jersey
Hello everyone! I trying to bring on a new client and need to provide them with a sample appraisal. What info must be excluded? Please advise. Thanks!
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Everything. Find a client willing to let you send an unredacted report. Otherwise, appraise your best friends home for use as a sample. Redaction to me, is a farce and I've heard some clients won't accept them or complain about it. Certainly if you include photos, addresses, APN #, maps, you by its very nature are disclosing the location and ownership of the property, which of course, is the purpose of redacting. And a report so redacted will, again by its very nature, disclose the confidential information that is important...the value.
 

BRCJR

Elite Member
Gold Supporting Member
Joined
Sep 20, 2005
Professional Status
Licensed Appraiser
State
Virginia
Some clients like the fact the Appraiser understands and complies with the USPAP regarding redaction.
Most of what I receive has identifying information altered where you could not find the subject. Change pictures and sale prices, etc.
123 Easy Street, Redactionville, MS 12345.
There are ways to provide the lender what they need. It is not all about, "you want to see my sample work assign an appraisal to me".
Lenders have regulations to follow in an approval process just like Appraisers have regulations to follow.
 

glenn walker

Elite Member
Joined
Oct 11, 2006
Professional Status
Certified Residential Appraiser
State
California
It's a business decision ...So If you need the business do it :)
 

TRESinc

Elite Member
Joined
Dec 1, 2011
Professional Status
Licensed Appraiser
State
Ohio
Some clients like the fact the Appraiser understands and complies with the USPAP regarding redaction.
Most of what I receive has identifying information altered where you could not find the subject. Change pictures and sale prices, etc.
123 Easy Street, Redactionville, MS 12345.
There are ways to provide the lender what they need. It is not all about, "you want to see my sample work assign an appraisal to me".
Lenders have regulations to follow in an approval process just like Appraisers have regulations to follow.


exactly. they are not looking to verify the data in the report, they want to see how you present it and how you analyze/summarize things. think of it like high school tests - they want to see the work, not just the answer to the problem.
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Most of what I receive has identifying information altered where you could not find the subject. Change pictures and sale prices, etc
You will spend more time altering and vetting an existing report than creating a new report using real data, pix, etc. doing a freebie for a friend or relative...even your own house.
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
I can go in and redact a pdf file in about 30 minutes. I can't write another appraisal report up in that time.
 
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