Why field review after closing

[Fernando]

Says the guy who doesn't understand ANSI.

This appraiser measured to the 0.01 feet. That's not necessary.
Overall, after reviewing the appraisal, I have to admit it's not that bad in that the appropriate comps were used.

 

[Surf Cat]

Easy money the Fernando way.

Subject located on arterial feeder street with comps on interior locations....no worries. Bedroom discrepancy from public records? Meh...

Fernando went easy on the appraiser from his hometown and feels it meets his high standards.

Whomp Whomp....

 

[Fernando]

One of my pet peeves is appraisers using comps on hilly terrain when subject is on level terrain.
Comps should be same terrain thus no need to adjust for views if possible. Hard to determine $10,000 to $1,000,000 views. So subjective.

 

[Fernando]

Easy money the Fernando way.

Subject located on arterial feeder street with comps on interior locations....no worries. Bedroom discrepancy from public records? Meh...

Fernando went easy on the appraiser from his hometown and feels it meets his high standards.

Whomp Whomp....

Yes this is easy money since I know my hometown so well.
It's from one of my high paying AMCs (glad they still in business) and pays premium for $2 million values when that's the norm here.

 

[gregb]

Nothing subjective about this ocean and Channel Island view, except for the utility lines.

 

[David S]

I'm doing a field review but purchased has recently closed.
Why did AMC asking for a review after closing? Wouldn't it been better prior to closing?
Is my review mainly to criticize original appraiser if done incorrectly?

My be previous appraisal report caught by GSE or investor for the audit

 

[Fernando]

Nothing subjective about this ocean and Channel Island view, except for the utility lines.

View attachment 82570

This has some views and some buyers willing to pay a premium than one with no water view.
I would see potential to build top level to capture even better views to increase home value.

 

[Fernando]

My be previous appraisal report caught by GSE or investor for the audit

I think client/lender sees original appraiser as out of area appraiser and purposely chose me, a local appraiser. Or client values my second opinion.
Or Client really really likes me.

 

[Dublin ohio]

I think client/lender sees original appraiser as out of area appraiser and purposely chose me, a local appraiser. Or client values my second opinion.
Or Client really really likes me.

Or you were the low bidder

 

[Fernando]

Or you were the low bidder

I countered higher by 10% and the client quickly accepted my fee. I should have bidded higher.