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Edd Gillespie
Certified General
Joined: 13 Aug 2007
Posts: 2282
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 Posted: Wed Sep 05, 2007 10:23 am Post subject: |
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| Otis Key wrote: | Keep on stirring.  |
In a former life, if I, as an attorney, needed to know the value of real estate, and didn't expect the thing to go into litigation or the IRS or someplace it was going to be second guessed, I got it from an agent (don't tell Janet or she'll never let go of it). Appraisers were too hard to find, too expensive, too slow and none of them agreed with each other.
So, it looks like not much has changed. I translate LSI's reference to "correct" to be a reference to the estimated value. Or was it an opinion of value back then?
If "back in the day", the fraternities were as focused on process as we are now, they could hardly have answered the question. Maybe, that's how the USPAPers realized the need to look for crediblity rather than correctness.
I'm going to download the review the pineapple posted review and read it. I can't get from one page to another without layng them out flat and touching them with my hands. However, at first glance, it appears it may have been generated by a jealous competitor of Mr. Widdos, who didn't know much about review or appraising fractionated interests in real estate. From the school of "rip 'em up" on review perhaps?
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Edd “In the real estate economy, there are no guarantees that reason will prevail in a market where emotions run high and the amount of misinformation runs deep.” Jonathan Miller in The Matrix. So what’s an appraiser to do?
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Pina Colada
Certified General
Joined: 13 Aug 2007
Posts: 552
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| Posted: Fri Sep 07, 2007 9:41 am Post subject: |
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| Quote: | | Appraisers were too hard to find, too expensive, too slow and none of them agreed with each other. |
and this is what caused you to say, "Yes! That's the job for me!" 
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Edd Gillespie
Certified General
Joined: 13 Aug 2007
Posts: 2282
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| Posted: Fri Sep 07, 2007 9:51 am Post subject: |
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| Pina Colada wrote: | | Quote: | | Appraisers were too hard to find, too expensive, too slow and none of them agreed with each other. |
and this is what caused you to say, "Yes! That's the job for me!" |
Actualy was the ample opportunity to be 100% correct all of the time. 
_________________
Edd “In the real estate economy, there are no guarantees that reason will prevail in a market where emotions run high and the amount of misinformation runs deep.” Jonathan Miller in The Matrix. So what’s an appraiser to do?
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Otis
Certified Residential
Joined: 11 Aug 2007
Posts: 2864
Location: High and Dry
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| Posted: Sun Oct 07, 2007 8:40 pm Post subject: |
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| Edd Gillespie wrote: | | Pina Colada wrote: | | Quote: | | Appraisers were too hard to find, too expensive, too slow and none of them agreed with each other. |
and this is what caused you to say, "Yes! That's the job for me!" |
Actualy was the ample opportunity to be 100% correct all of the time. |
That's right - I remember now - You're married so that means you're never right. And this was the chance. 
Couldn't resist.
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