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What Constitutes A Credible Appraisal - Americanbar.org

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Julio E. Sune Jr. (FL)

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Joined
Jan 16, 2002
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Certified Residential Appraiser
State
Florida
I agree.....

"retaining an experienced and qualified appraiser to review the opposing party’s appraisals and reports may be important. The appraisal review process provides not only an opinion as to whether the appraisal and its value estimate are credible, but also forms the basis for issues or challenges to the opposing expert at deposition and trial"..
 

glenn walker

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Oct 11, 2006
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The Attorney may have the right questions to ask BUT like everything how the appraiser presents himself on the stand can and does make a big difference - We have a whole slew of hired guns around here that do nothing but expert witness work and some are really poor appraisers but for a fee their available- and there is no such thing as a bullet proof appraisal and good appraisers can- get slammed just as hard as bad ones. The courts are not like TV shows and it's best to try and avoid trials because lots of good appraisers lose cases because their E & O carrier is going to settle once the $$ amount hits their limit and often it's a fairly small number.
 

VALU8

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Oct 23, 2017
Professional Status
General Public
State
California
I think a good lawyer can roast anything an appraiser does.

"Oh, you adjusted for $5,000 for that bathroom?...Where did you get that figure? (If presented with something to back it up)- Is that source reliable? Are you SURE?"

I'd imagine reports are often discredited through classic ad hominem. They don't have to discredit the report, just the appraiser. Oh look- He didn't label the porch in the sketch even though on page 1 of the 1004 he indicated that it's a covered porch. Rookie. This guy clearly doesn't know what he's talking about.
 
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jay trotta

Elite Member
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Feb 8, 2004
Professional Status
Certified Residential Appraiser
State
Connecticut
There are also some reviewers that lose in court rooms, as they may leave themselves Open to facts they cannot "back up" in a credible format. As always it depends.
 

Mike Kennedy

Elite Member
Joined
Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
New York
I think a good lawyer can roast anything an appraiser does.

"Oh, you adjusted for $5,000 for that bathroom?...Where did you get that figure? (If presented with something to back it up)- Is that source reliable? Are you SURE?"

I'd imagine reports are often discredited through classic ad hominem. They don't have to discredit the report, just the appraiser. Oh look- He didn't label the porch in the sketch even though on page 1 of the 1004 he indicated that it's a covered porch. Rookie. This guy clearly doesn't know what he's talking about.

psst...........look under the sketch at the calculations table, then see Gross Living Area, Basement, Garage, etc. then read from left to right ......... P O R C H (or Open Porch, Covered Porch, Enclosed Porch etc.)

Nice try - no Cigar.
 

Renee Healion

Elite Member
Gold Supporting Member
Joined
Feb 21, 2004
Professional Status
Certified Residential Appraiser
State
Connecticut
And sometimes, if the attorney who hired you has a client who turns out to be remarkably unsympathetic, whose own peers line up to testify against him, and does not even show up to court wearing a tie, the case is not going to go his way. And if your appraisal is the only evidence, the other appraisal is naturally going to be found "more credible".

Just the way it goes.
 
D

Deleted member 130081

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I liked this part:

"Although an appraiser’s certification or license may be appropriate for the property being appraised, the most important confidence-building quality is depth of experience in appraising similar properties in locations similar to your client’s property."

I thought it was missing a piece on if the appraiser reconciled the methods and techniques used, and the quantity and quality of data used. Seems to me that gets over-looked all too often, yet is really the most important pieces of information to convey, as they establish the entire context of credibility. Meaning, an appraisers abilities and experience don't mean a thing if they can't put them to use.
 
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