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What did it appraise AT?

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Charlotte Dixon

Thread Starter
Senior Member
Joined
Jan 16, 2002
Professional Status
Certified Residential Appraiser
State
Delaware
July 3rd, came back in to the office after doing 4 appraisal inspections in the 95 degree, felt like 104 degree temps....hot, hot, hot and humid! Phone was ringing off the hook, picked up phone and processor said "What is the status of 123 Smith Road?"...I said, "As a matter of fact I just got back from there and 3 others. I'll be writing it up tonight"...She said, "But, what did it appraise AT?"...I said, "Don't know" She said, "But you said you were just there".....Geeeezzzz, wiping brow :roll: Besides the stupid question....never end a sentence with a preposition, I thought. So, as Don Clark would suggest, I took a deep breath and counted to three. I'm getting too old for this :roll:
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
Charlotte! You mean you don't know the exact number the moment you're ready to walk out the door after the inspection???? 8O

It really is annoying when someone involved in the process still thinks that way though. I think just about everyone outside of another appraiser thinks that way even when they should know better.

Have a happy 4th!
 

Richard Carlsen

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Michigan
Charlotte

I have those every so often. More often than not it is the homeowner who stands there looking at me when I thank them and tell them I'm finished gathering data. They look at you and say something like; "Well, what do you think it's worth?" You then have to sort of explain the appraisal process to them and tell them that you don't shoot from the hip on value and that it will take a while to analyze all of the data. I find that homeowners are usually quite understanding when the process is explained to them.

As for the LO's that call, one did just that last year as I remember on a $90K house. "Well?" he said as I had barely put the file and the camera down, "what's it worth?." My reply was that I had just got back for looking at the property and right now I would estimate value somewhere between $27,000 and $316,000. I told hem that after I worked on it for a while, I'd be able to narrow those figures down a little for the report. He got the message.

People in the business know better than to ask dumb questions like that but they do it anyway. Sometimes it is best to put them off with a little humor so they get the message.
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
My favorite line for the home owner is......"I haven't a clue! Once I have inspected the property the information is then entered on a computer and adjustments are made. The lender will let you know."

As far as the REALTORS® are concerned..."You know I can't tell you that! The Uniform Standards of Professional Practice, which applies to both appraisers and users of appraisal services, says that I must keep that information confidential and can only provide it to the named client. Of course you can call them, if you like".

I do tell the agent of any requirements such as chipping and peeling paint so they can get a head start on it. We must all work together and I understand their concern about the value; however, they should know the rules too!
 

George Hatch

Elite Member
Gold Supporting Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
California
These are the same types of clients who think an appraiser can determine the value of a property based on 'pre-comps'. You apparently were supposed to have developed your opinion of value while you were researching the comparable sales data, and then refine it during your inspection so that it would be ready upon the return to your office.


George Hatch
 
B

Bemis Pownall

Guest
I had a good one.
Realtor with new appraiser license.
asked me more then once if "here would be a value issue"(I hadnt even been the subject yet), I told her "I dont think so but I havent seen the subject yet" perhaps not the best response.

She called LO and requested an appraiser who "knew" the market...

Umm grew up less then 2 miles from subject
Live 5 miles from subject
Sold a few units(HUDS) in this condo building in the 80's
Been doing this over 12 years...

I guess one of the New appraiser's whom she works with must know this market better...i believe this other appraiser lived like 20 miles from subject...oh well cant win um all

I hate losing the easy ones...

I should file a complaint against her with the board, they like those easy slam dunk complaints..
 

Blue1

Elite Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
California
Charlotte,

That's a good one! How 'bout "What do you THINK it will appraise at?" Now THERE"S a question for you......!!! My favorite answer: "Don't know, just a minute" (schuffle through some papers, close drawers, etc.) Then say: "Darn I can't find my crystal ball!" :lol: Hope you had a better 4th..... Hang in there!
 
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