Coester Risen from Ashes?
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Has Coester risen from the ashes?
Apparently, per a message on Twitter on July 9, 2019, Mr. Brian Coester is now in the real estate sales biz.
Los Angeles, San Diego and Seattle are the Most Popular Destinations for Out-of-Towners Searching for $1M-Plus Homes https://t.co/nzfI7Htlvn— Brian C. Coester (@briancoester) July 9, 2019
10 Steps to Protect Your Home While on Summer Vacation https://t.co/ppzHaAWewq— Brian C. Coester (@briancoester) July 9, 2019
The photo image used on the big T is the same one he used to use on his defunct AMC website.
Meanwhile, there appears to be a new twist in Evaluation appraisals. This is the first I’ve seen about an AMC or any other company using ‘the homeowner’ to supply interior photos which will be used in a bank evaluation. See this link & news release.
The service appears to be focused on providing appraiser-involved EVALUATIONS to lenders.
Excerpts from release:
The EVP-EVAL service includes a proprietary app and valuation platform allowing lenders to satisfy evaluation requirements with an actual appraisal. And instead of chasing information in the usual cumbersome process, data comes to the appraiser for a dramatically faster turnaround.
Under EVP’s model, the homeowner downloads EVP’s free app and walks through their home to capture a specific series of images. That geo-tagged inspection data is then uploaded to EVP’s valuation platform where an appraiser logs on and makes the determination of value in a process that takes a fraction of the usual 4-5 hours, according to Watson.
There is no mention of how the actual dimensions of the dwelling are verified, from which to calculate the GLA. I’m guessing there is a reliance on ‘public records’ for that, which sometimes can be inaccurate. Or perhaps the lender supplies a prior appraisal to the appraiser, assumed to be correct using an EA.
It appears to me that the intent of the new process is to involve APPRAISERS when a lender needs an Evaluation, but not a full-blown appraisal. That, to me, is fine, but it does not alleviate the appraiser from adhering to USPAP in the preparation and completion of the Evaluation Appraisal. Unless, of course, that state law says that is not necessary, or that appraisers are allowed to do Evaluations.
Company is owned by Drew Watson, a Certified General appraiser in Alabama, and Certified Residential in Florida and Louisiana.
Within the EVP web site there are several blog articles written by Mr. Watson. I will agree with him on a key point:
Appraisers, times are a-changin.