Valligent

[Joe Flacco]

I kind of have a problem with quick reviews like this. For a reviewer to say that there were better comps that were not included, they better perform the same level of due diligence that the original appraiser performed.

 

[Joe Flacco]

I am having to respond to a field review right now on a high value property appraisal and it is so obvious based on the comments that were sent to me that the reviewer did not do his due diligence and that they are probably incompetent for the assignment.

I would love to get my hands on that review. I would send it straight to the licensing board.

 

[CANative]

I kind of have a problem with quick reviews like this. For a reviewer to say that there were better comps that were not included, they better perform the same level of due diligence that the original appraiser performed.

I don't think I would agree with that, as stated. SR3 and the Scope of Work Rule.

 

[Joe Flacco]

I am just saying for example of my situation I spoke with agents of properties I included in the report and properties that were excluded. A full day of making phone calls before I decide which comps are best. Then some reviewer comes along and tries matching up the room count and GLA and says the original appraiser did not include these comps which are better. It is ridiculous. Now I need to waste my time responding to this BS so called review.

 

[CANative]

I agree if this scenario including reviewing the entire appraisal report and concluding to an opinion of the quality of the work and the development of an opinion of value by the reviewer.

But this doesn't seem like that. The opinion of quality is limited to the sales comparables and based on the assumption that the information about the subject is accurately reported. I'm also thinking that for this work they use a proprietary form and that the sale prices of the "better" comps is not included.

 

[American Dream]

I did an exterior appraisal for them about a year ago and never got paid.

I have worked for them and always got paid ... They might not have had your correct info ....

 

[American Dream]

What if the service really was something that could be done in 20 to 30 minutes without moving from your chair, could be made to comply with any USPAP obligations, and there was adequate volume to make it worthwhile?

The problem is, you cannot do it in 30 minutes ... They take at least an hour ... and then someone reviews them and finds "something" you need to fix or change or whatever ... now your in it for another 15 to 20 minutes ....

 

[ucbruin]

The problem is, you cannot do it in 30 minutes ... They take at least an hour ... and then someone reviews them and finds "something" you need to fix or change or whatever ... now your in it for another 15 to 20 minutes ....

You're probably correct that an hour is more likely than 30 minutes....

But what type of items do you believe would need to be fixed?

 

[Biskt6]

I have worked for them and always got paid ... They might not have had your correct info ....

I checked my information on their site and tried to contact them 3 times with no response. I asked if it had been recently mailed or if they needed any additional info from me.

 

[Deleted member 80407]

Called and offer desktop reviews for $50's. It's hard to believe that people are accepting them at that fee. Not me.

An appraiser friend of my received an email yesterday advertising a fee of $40. NO ONE IN THEIR RIGHT MIND SHOULD ACCEPT THE LIABILITY FOR AN INSULTING FEE. My belief is let Valligent review these appraisals and sign their name and accept all of the liability that trails these half a......s reviews.