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Bad Appraisals? NAR Pressure?

Residential appraisal questions go here.

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Re: Bad Appraisals? NAR Pressure?

Postby skibs on Fri Jul 03, 2009 9:39 pm

A grouchy home inspector without people skills? What an aberration!
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Re: Bad Appraisals? NAR Pressure?

Postby Mako on Sat Jul 04, 2009 12:16 pm

skibs wrote:A grouchy home inspector without people skills? What an aberration!


Well said.

But I was using this one example to make a point.

It's not just grouchy home inspectors, or an agent strutting around like a peacock. And it's not just me...I see EVERYONE having conflicts all too often.

It's competitor appraisers or review appraisers - number shopping loan officers - real estate agents - bank staff - buyers - sellers - investors - profession vs. profession. Everybody is just @ each others throats. Too many people trying to make themselves look good at other peoples expense.

I've got three repeat clients right now who purchased within the past three years. They all want to sell, because they can't stand their neighbors & report everybody fighting @ the home owners association meetings. Another former client bought & sold within two years for a similar reason - they were fighting with their children who'd moved into the same development as them. Their children's home is currently listed for sale, because they're also fighting with their neighbors, Neither used us, because we no longer want anything to do with each other (lovely family).

It just seems there's increased contempt in the world right now...maybe it's the economy :WM:
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Re: Bad Appraisals? NAR Pressure?

Postby skibs on Sat Jul 04, 2009 1:14 pm

The appraiser vs LO vs RE agent vs home inspector thing is due mainly because one profession does not understand the other and thinks the other guys get easy money versus the hard work we have to do. All bullshit as each profession as its own set of challenges and assuming no criminal activity, everybody has to work for it. I wonder how these non sales folks would appreciate showing some nice couple over 100 houses over a number of weeks and make not a freaking dime off them when they never buy a house?
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Re: Bad Appraisals? NAR Pressure?

Postby Mako on Sun Jul 05, 2009 1:59 pm

skibs wrote:The appraiser vs LO vs RE agent vs home inspector thing is due mainly because one profession does not understand the other and thinks the other guys get easy money versus the hard work we have to do. All bullshit as each profession as its own set of challenges and assuming no criminal activity, everybody has to work for it. I wonder how these non sales folks would appreciate showing some nice couple over 100 houses over a number of weeks and make not a freaking dime off them when they never buy a house?


You've nailed it! :YASA:
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Re: Bad Appraisals? NAR Pressure?

Postby Ter Shields on Sun Jul 05, 2009 4:49 pm

if they would keep orders for appraisals to within a 10 mile radius of the appraiser's office.
based on work I have done since the 1st of the year, that would mean I would have gotten 12 assignments since Jan. 1. My nearest neighbor is ½ mile away.
My MLS covers at least 8 counties. Further, I get almost no work from my address town, Siloam Springs. There would be huge patches of our region without any appraiser within 10 miles. An absurd suggestion....
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Re: Bad Appraisals? NAR Pressure?

Postby Mako on Sun Jul 05, 2009 6:58 pm

Ter Shields wrote:
if they would keep orders for appraisals to within a 10 mile radius of the appraiser's office.
based on work I have done since the 1st of the year, that would mean I would have gotten 12 assignments since Jan. 1. My nearest neighbor is ½ mile away.
My MLS covers at least 8 counties. Further, I get almost no work from my address town, Siloam Springs. There would be huge patches of our region without any appraiser within 10 miles. An absurd suggestion....


On the other end of the coin - we have 6 million living in this region, yet the sweatshops send the unqualified hundreds of miles sometimes to do appraisals.

I thought the sweatshops would be out of business witb all the new rules & reg's, however, they haven't missed a beat. They're the only ones who'll work for the pathetic fees the AMC's are willing to pay, and cutting corners is the only way they can earn a living working for peanuts. Hell, they'll send wannabe's hundreds of miles for half the fee I'm willing to work for!!! :evil:

Heard one the other day in which an investor filed a complaint against a sweatshop. An outfit (from Timbuktu) sent an unqualified staff member to inspect the investor's property & complete the report. Naturally, the sweatshop muffed the assignment & the investor got angry.

The states need to hire some PI's with appraisal backgrounds & put a stop to this nonsense ONCE AND FOR ALL!!!

And the requirement to order through an AMC needs to be lifted. They're taking too much of the fee & attracting sweatshops & incompetents, while the truly qualifed struggle to make ends meet.


Different bailout...SOS :WM:
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Re: Bad Appraisals? NAR Pressure?

Postby Steve Owen on Sun Jul 05, 2009 10:14 pm

Ter Shields wrote:
if they would keep orders for appraisals to within a 10 mile radius of the appraiser's office.
based on work I have done since the 1st of the year, that would mean I would have gotten 12 assignments since Jan. 1. My nearest neighbor is ½ mile away.
My MLS covers at least 8 counties. Further, I get almost no work from my address town, Siloam Springs. There would be huge patches of our region without any appraiser within 10 miles. An absurd suggestion....


I get your point and even though most of my business is in my home county, I cover an area of about seven counties, largely because many of them don't have a general appraiser in them. However, I have heard many reports of residential appraisers coming from as far away as Tulsa in recent weeks and it is likely that most of these have little or no geographic competence here.
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