Tom D
Elite Member
- Joined
- May 22, 2015
- Professional Status
- Certified Residential Appraiser
- State
- Pennsylvania
Matched pairs only deal in numers and avm only deals in numbers. The old index card appraisal only dealt in a number.
Now, our reports are essentialy a qualitative report, then asking for a quanity, a number.
A 1004 appraisal is a bastardization of 2 different concepts.
The lendera wanted to know everything about the property, a collateral risk assessment, so we write a long minutia report to show where the number comes from. But now they criticize the wordings which actually have nothing to do with the value.
But, oh wait, now the wordings affect the value.
So, now they attack to have the avm become the pre determined chosen victor, by the elite savants.
Don't look at the message, look at the direction it is pointing to.
In our case, it's already to late for this profession to stop it.
Now, our reports are essentialy a qualitative report, then asking for a quanity, a number.
A 1004 appraisal is a bastardization of 2 different concepts.
The lendera wanted to know everything about the property, a collateral risk assessment, so we write a long minutia report to show where the number comes from. But now they criticize the wordings which actually have nothing to do with the value.
But, oh wait, now the wordings affect the value.
So, now they attack to have the avm become the pre determined chosen victor, by the elite savants.
Don't look at the message, look at the direction it is pointing to.
In our case, it's already to late for this profession to stop it.
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