Stip to add specific comp to grid or a different comp within 1 mile of the subject

[sputnam]

B. No person is allowed to influence or attempt to influence the development, reporting, result, or review of an appraisal through coercion, extortion, collusion, compensation, inducement,intimidation, bribery, or any other manner including, but not limited to:

geez...

Requesting that the appraiser consider additional sales is allowed.

 

[Tom4value]

Requesting that the appraiser consider additional sales is allowed.

True but read what their comment refers to. There is a difference between, "requesting to consider" and "putting the sale on the grid because the client said so". Only the appraiser can call a sale a "comparable sale". By putting it in the grid, you are saying it is comparable. It better be or you are running afoul of USPAP.

 

[Tom D]

the op stated uw wanted a sale on the grid...in that case the underwriter should sign the report

the underwriter will be happy to sign your unemployment check king djd09, after which you will be a peasant appraiser. you are brave with telling what you would do. or at least what you pretend what you would do. just too funny beating your chest king.

 

[residentialguy]

Requesting that the appraiser consider additional sales is allowed.

And so is charging for that additional work

 

[djd09]

the underwriter will be happy to sign your unemployment check king djd09, after which you will be a peasant appraiser. you are brave with telling what you would do. or at least what you pretend what you would do. just too funny beating your chest king.

the lender has options...ROV or a second appraisal or reject the deal

 

[TerryRohrer]

True but read what their comment refers to. There is a difference between, "requesting to consider" and "putting the sale on the grid because the client said so". Only the appraiser can call a sale a "comparable sale". By putting it in the grid, you are saying it is comparable. It better be or you are running afoul of USPAP.

And including it without fully adjusting it, instead stating "it wasn't weighted" is a trap worthy of avoiding.

 

[David S]

My feeling is because your value opinion is above contract price and the lender client's investor doesn't like it. They want to bring it inline with contract price.

I had a case where the lender client through me an new comp within half mile. I added into report and explain: Although it is the same city mailing address with the subject, actually it belongs to a different city, different school district, different municipal service and judicial system. e.g: that city doesn't have city transfer tax. No weight to the value opinion.

 

[Zoe]

My feeling is because your value opinion is above contract price and the lender client's investor doesn't like it. They want to bring it inline with contract price.

I had a case where the lender client through me an new comp within half mile. I added into report and explain: Although it is the same city mailing address with the subject, actually it belongs to a different city, different school district, different municipal service and judicial system. e.g: that city doesn't have city transfer tax. No weight to the value opinion.

Yeah, that's where somebody only looking at census tracts don't get it. Your digging in way smaller areas than census tracts.

 

[Zoe]

Census tracts just don't work in the largest county in Tennessee (Shelby). I doubt they work in many rural areas of Tennessee on many assignments.

I don't have "stupid" stamped on my head. LOL

 

[Zoe]

Based on what little the appraiser has shared here, I have little doubt their appraisal is credible and supported by the appraisal. However, I would not lose my best client without adding the comparable.