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Value Range = ?

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Workbox

Thread Starter
Elite Member
Joined
Mar 2, 2005
Professional Status
Certified Residential Appraiser
State
Colorado
Went to see a prospecting client today. I introduced myself and we began to talk about the mortgage Biz and the changes. And as usual, it's the same song and dance how they want to do the right thing and they have great appraisers. After awhile they truth comes out and the same names keep coming up for my market area. ...................Then they ask..........."do you do a value range?"..................Ahgrrrrr!!!!

So I asked, "Do you ask to see the credit score value range " ? ........silence, and and red face. So I tell them, for me to do a value range, is a comp check, and again, they tell they they do not want to spend the clients money. Well, told them that I have other client that they will not proceed without the appraisal, or appraisal fee and they do not require any value range.

So my question is, what is a value range?
 
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toya05

Freshman Member
Joined
Jan 10, 2008
Professional Status
Certified Residential Appraiser
State
Tennessee
They want something for nothing. Fishing for highest value.
 

hastalavista

Elite Member
Joined
May 16, 2005
Professional Status
Certified General Appraiser
State
California
Went to see a prospecting client today. I introduced myself and we began to talk about the mortgage Biz and the changes. And as usual, it's the same song and dance how they want to do the right thing and they have great appraisers. After awhile they truth comes out and the same names keep coming up for my market area. ...................Then they ask..........."do you do a value range?"..................Ahgrrrrr!!!!

So I asked, "Do you ask to see the credit score value range " ? ........silence, and and red face. So I tell them about for me to do a value range is a comp check, and again, they do not want to spend the clients money. Well, told them that I have other client that they will not proceed without the appraisal, or appraisal fee.

So my question is, what is a value range?

For an appraiser?
Done outside of USPAP it is a comp check.
Done inside of USPAP it is an appraisal.

(Inside/Outside being "compliance/non-compliance" for the purists! :new_smile-l: )
 

rbrienza

Member
Joined
Sep 16, 2007
Professional Status
Certified General Appraiser
State
Colorado
if walks like a duck, sounds like a duck ...... it is a duck......
 

Robert Muir

Sophomore Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Utah
They don't hear the range anyway, they will only hear and remember the high number.
 

Workbox

Thread Starter
Elite Member
Joined
Mar 2, 2005
Professional Status
Certified Residential Appraiser
State
Colorado
Lee, The are not MB's, they are "Bankers" now.:rof: But yes, it was, It was going to so well untill the end.
 
Last edited:

ccooper

Junior Member
Joined
Mar 9, 2002
Professional Status
Certified General Appraiser
State
Missouri
prospect elsewhere. don't waste your time and emotional batteries. don't worry, they'll be gone soon with the industry wide exodus.
 

chad hampton

Senior Member
Joined
Nov 10, 2006
Professional Status
Certified Residential Appraiser
State
North Carolina
tell them you do better than a value range - you give them an EXACT number on all of your appraisals :)
 

toya05

Freshman Member
Joined
Jan 10, 2008
Professional Status
Certified Residential Appraiser
State
Tennessee
Good. I can't get any business because they want what they want. I'm just not going to lose my license for $350.
 
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