Short-term rentals

[alebrewer]

Disagree. At any time you do not think it is in your best interest, as a business owner, to complete a transaction you can and should withdraw from such.

So, you agree to drive my SUV back from Mexico for me just to find it is full of drugs.......you still bring it? You agreed to do so.......

The rub, as you well know, comes when someone agrees to do something - then holds the assignment for a week or two - then decides its not in their best interest. That is just asinine.

 

[Cob]

So... in your universe, you don't need to do what you agreed to do? No wonder appraisers aren't respected. If you don't want to do it.. don't agree to do it. If you agree to do it.. then do it. Period.

First of all, you aren't my wife or dad to be telling me what I can and can't do. Second of all, there have been PLENTY of times I have agreed to complete an appraisal assignemt and all kinds of things come up and I end up cancelling the assignment, I agreed to do it and then I din't for some reason or another.

I have agreed to "do it" and shown up and the property was a hoarder type of property with 50 lawnmowers in the back and the ENTIRE house except for one bedroom was filled with washing machines, dryers, dishwashers and lawnmowers because they ran a repair shop and sold appliances out of the property, I have shown up and a property had no kitchen, 3 tour busses in the back yard with grass 3 feet high and the carport was stacked with junk like it was a flea market, I have shown up to a residentiall property that had a large metal building in the backyard that was running a car transmission shop out of.

If not proceeding with an appraisal after these things makes someone like you think that I'm an appraiser that isn't respected, then so be it, you or NO ONE else can command me by saying, "then do it. Period", but thanks for the advice. I am an adult that is 100% capable making my own business choices.

 

[alebrewer]

"You're not the boss of me" and "I'm an adult" don't really fit in the same narrative.

 

[shrubberyvaluation]

So... in your universe, you don't need to do what you agreed to do? No wonder appraisers aren't respected. If you don't want to do it.. don't agree to do it. If you agree to do it.. then do it. Period.

I would say this with rare exceptions. Lenders cancel assignments and if I am in a car accident and go to the hospital I might not meet the due date. I have turned in a couple assignments where after inspecting the property or getting more details I didn't feel competent to complete the assignment. I don't wait a week or two though.

 

[alebrewer]

I didn't feel competent to complete the assignment. I don't wait a week or two though.

This is the key. It's when appraisers go ghost mode that makes folks lose their minds.

 

[sputnam]

Disagree. At any time you do not think it is in your best interest, as a business owner, to complete a transaction you can and should withdraw from such.

So, you agree to drive my SUV back from Mexico for me just to find it is full of drugs.......you still bring it? You agreed to do so.......

And I disagree. Which is why I spend enough time BEFORE accepting an assignment to know what I'm getting into. If you accept assignments without understanding what will be required, that's all you.

 

[J Grant]

First of all, you aren't my wife or dad to be telling me what I can and can't do. Second of all, there have been PLENTY of times I have agreed to complete an appraisal assignemt and all kinds of things come up and I end up cancelling the assignment, I agreed to do it and then I din't for some reason or another.

I have agreed to "do it" and shown up and the property was a hoarder type of property with 50 lawnmowers in the back and the ENTIRE house except for one bedroom was filled with washing machines, dryers, dishwashers and lawnmowers because they ran a repair shop and sold appliances out of the property, I have shown up and a property had no kitchen, 3 tour busses in the back yard with grass 3 feet high and the carport was stacked with junk like it was a flea market, I have shown up to a residentiall property that had a large metal building in the backyard that was running a car transmission shop out of.

If not proceeding with an appraisal after these things makes someone like you think that I'm an appraiser that isn't respected, then so be it, you or NO ONE else can command me by saying, "then do it. Period", but thanks for the advice. I am an adult that is 100% capable making my own business choices.

There have been rare times when I have agreed to an assignment and, at inspection or some other point, discovered a condition that made me decide not to continue. Usually, at an inspection, a hostile or pressuring value owner or agent or, in a few cases, areas or a subject that felt unsafe. I have continued with some inspections that felt unsafe and looking back on it, I should not have. Whenever it was my decision to withdraw, I did not charge the client for any work performed.


There are also unacceptable assignment conditions. I have returned a few assignments for this - where the client demands something that is contrary to IUSPAP or ethics- sometimes, that is not apparent when one first gets the assignment. These cases of an unacceptable assignment condition ( fits the case imo for STR for a GSE appraisal ) might lead to a client dumping the appraiser - typically, that same client has pushed the envelope before, and after dumping us, probably does it to the next appraiser.

 

[Bobby Bucks]

Every few years I have an assignment I cancel for some of the reasons mentioned. I don’t make it a habit, it’s a judgment call. A few of them were memorable psychos and it’s an easy decision, tell the client to reassign the order. Maybe give a reason, maybe not. We’re independent appraisers, not the US post office.

 

[alebrewer]

Usually, at an inspection, a hostile or pressuring value owner or agent

When this happens - and speaking from the appraisal management side - I've found that it usually takes a LONG time to get a 2nd appraiser out to the property. And the more agitated a Realtor or homeowner gets - the longer it takes.

 

[J Grant]

When this happens - and speaking from the appraisal management side - I've found that it usually takes a LONG time to get a 2nd appraiser out to the property. And the more agitated a Realtor or homeowner gets - the longer it takes.

Well boo freaking hoo - I am not going to risk my safety or my license in these rare situations. As I said, I continued with some inspections even when I felt at risk, and looking back on it, that was nutz-risky and not worth it. It was a handful of times over two decades and I should not have continued. It was just dumb luck or me handing the situation okay, but again, it was not worth it.

I work for direct lenders, Not an AMC - and direct lenders have no problem in finding someone else to go out , usually the next day, because they treat their panel well and pay decent fees. Appraisal management companies typically shop for low fees and can treat appraisers like crap, so t might take a LONG time to get a second appraiser out to the property.