Technology in appraisals AO 41

[glenn walker]

I remember the day and realized that 95% of things I had worried about never happened and that's
the sucker punches and curve balls you hadn't expected that hit you so hard.

I had a friend a six years ago and
a divorce hurt him financially and he was obsessed with saving and paying off debt so he could slow down and retire. 8 or 9 years of worry and he finally declared that he was turning 70 and quitting on his next birthday. I received a call from his Son two days before his birthday and was told he died in his chair of a massive stroke. 9 years of worry for nothing.

 

[Surf Cat]

I did not forget. Spok appraised my home last week and used cubi casa. He got those gamma rays all over my home. Sent him to the board.

The board deemed Spock did not flagrantly violate USPAP and is still the go-to appraiser on the AMC panels. He boldly went where no appraisers went before....

 

[George Hatch]

I did not forget. Spok appraised my home last week and used cubi casa. He got those gamma rays all over my home. Sent him to the board.

I'ma give that one two snaps up with a twist

 

[NC Appraising]

I'ma give that one two snaps up with a twist

View attachment 106035

In living color. Best show ever.

 

[Fernando]

My bold above. What you stated may or may not be true. But what you insinuated is that you use what's in reallist all the time, without verifying and doing your due diligence. This is where you got yourself into trouble in the thread.

You keep digging yourself further down into the hole with the above statement my man. It basically states you're being lazy and not doing the due diligence yourself.

Look, I get it, it seems as if the lenders don't give a s*it.... so why should you? Waivers, hybrids using PDC's whom are not appraisers, the fees. Basically, if you're going to take on the assignment, you might as well have some integrity and do it correctly. I mean.... that's what the Appraiser's Forum has always been about....sans the political nonsense that is.


Your back pedaling here. If you would have just used the first paragraph in the first place, you wouldn't have been given all the Guff.

Happy New Year Fernando. Don't just post for the sake of posting..... think about it a little bit. Make it your New Year's resolution.

Thanks for the clarification in explaining why some forumites were so rude.
It's my pet peeve that appraisers get their zoning from Realist.

 

[RCA]

Good Grief! The zoning can always change. It is not going to change in Realist or the MLS unless someone is pressured into changing it, and they don't have to, and it's probably not going to happen any time soon. THAT SHOULD BE COMMON KNOWLEDGE.

If you want the correct zoning, you have to go to the source, i.e., the city or county planning department. That is about the only place you can get reliable zoning information. And everybody should do that. You should also have indexed zoning maps for all the areas you appraise in, for quick reference. If you come across changes, then note them in the maps. EVERY APPRAISER SHOULD BE DOING THAT.

In California, most counties and cities have online GIS maps, showing zoning. -- So, you may not actually have to contact a planning department --- except in California, zoning can get darn complex with all kinds of overlapping zones. So, oh yes, by the way, a site can be in multiple zones at once.

 

[RCA]

Why USPAP Uses “Peers” Instead of a Fixed Standard​

Appraisal practice varies by:

• property type,
• market,
• assignment conditions,
• available data,
• intended use.

USPAP avoids rigid rules and instead uses peer behavior as the benchmark for credibility and reasonableness.

This keeps USPAP flexible but still enforceable.

Peers, peers, peers. What if I start doing appraisal reviews (I may). Then WTF are you going to do when I am your "peer" using MARS regression, SKATER or rgeoda for defining neighborhoods, measurements to the hundredth of a foot, have precise checklists for all of the standards, applicable laws, GSE guidelines, and so on? I also use mathematical constraints based on mathematical proofs. ----> Well sure, I am going to have to admit I am the only appraiser to go so far. And you will be excused up to some point. I go to the city and the county planning and building departments. I check about everything. And regardless of what your frigging peers do, or what you THINK they do, USPAP doesn't let you get away with sloppy work, sloppy thinking, just because you find a couple of other so-called "peers" that are also sloppy.

My hunch is that you will, just possibly, in some cases, be soooooo far off, it won't be funny. But if I start doing reviews, you will probably find out before it is too late.

Hmmmmm. Something to think about.

 

[RCA]

I may keep the software I am now building, for myself! Maybe, maybe not. I think it is going to wind up being >1 million lines of code, - I have over 500K now and I haven't even started adding on MARS regression and RCA, and UAD is far from being completed. But, I am building it for residential, commercial, equipment and ag - and goverment appraisal. I downloaded the Yellow Book over the weekend and did the Prolog code for it, so the appraiser can create a workflow task for validating adherence to Yellow Book requirements for government appraisals. How many standards, guidelines and other protocols do you think there are? Many.

Actually, since the app is intended to handle all appraisals types, except for business valuation (now that WOULD be too much! -- at least for now), it might be more suitable for an appraisal reviewer who does indeed have to handle many different kinds of appraisals.

 

[Fernando]

Peers, peers, peers. What if I start doing appraisal reviews (I may). Then WTF are you going to do when I am your "peer" using MARS regression, SKATER or rgeoda for defining neighborhoods, measurements to the hundredth of a foot, have precise checklists for all of the standards, applicable laws, GSE guidelines, and so on? I also use mathematical constraints based on mathematical proofs. ----> Well sure, I am going to have to admit I am the only appraiser to go so far. And you will be excused up to some point. I go to the city and the county planning and building departments. I check about everything. And regardless of what your frigging peers do, or what you THINK they do, USPAP doesn't let you get away with sloppy work, sloppy thinking, just because you find a couple of other so-called "peers" that are also sloppy.

My hunch is that you will, just possibly, in some cases, be soooooo far off, it won't be funny. But if I start doing reviews, you will probably find out before it is too late.

Hmmmmm. Something to think about.

RCA, you are not our "peer". Lenders who hire you will find out.
Not many use MARS regression. You're ahead of your time in appraising.

 

[RCA]

RCA, you are not our "peer". Lenders who hire you will find out.
Not many use MARS regression. You're ahead of your time in appraising.

Grok: In the context of the Uniform Standards of Professional Appraisal Practice (USPAP), the definition of "appraiser’s peers" focuses on appraisers who possess expertise and competency in a similar type of assignment. This criterion does not impose restrictions based on the relative level of experience or expertise among peers. Consequently, an individual with substantially greater experience and expertise could qualify as a peer, provided they demonstrate the requisite competency in assignments of a comparable nature. The emphasis in USPAP is on the alignment of professional capabilities with the specific assignment type, rather than equivalence in career tenure or proficiency levels.

I have done all kinds of residential and commercial appraisals throughout Northern Calfornia. And I only do FULL APPRAISALS. No driveby's or desktops.

So, yes, I am one of your "peers", per USPAP.

You keep screwing up Fern. You're reckless as hell. I don't feel sorry if I worry you. Maybe it will make you better. Although I kind of doubt it. But I am 78 1/2. It could be I may never do reviews. But, at least it should scare some appraisers in the area, that I might.

There is a lot of leeway in how you can do appraisals. You can use Matched Pair Analysis and Linear Regression. But whatever you do has to have a logical foundation, be correct, and not be misleading. It is, quite frankly, not difficult to PROVE the inadequacy of many methods beyond a shadow of a doubt. In some cases, some of the simple methods are indeed appropriate, e.g., in some rural areas with a lack of comps or for certain property types. But in other cases, these simple methods are not appropriate and should not be used. - That is one of the headwinds I am sure you will face someday.

Your best defence is that you were never taught appropriate methods, such as MARS. You can blame everything on TAF and the appraisal institute and walk away. That won't stop me from exposing violations, not following protocol, and using inappropriate methods.

After all, as an appraiser, you are free to teach yourself whatever methods you are lacking.