Comments on: Desktop Appraisal Not the Same as Hybrids

By: Maureen Sweeney on Twitter

Maureen Sweeney on Twitter — Tue, 07 Apr 2020 04:13:32 +0000

Read the Scope of Work! There is no clearly defined explanation of what a “desktop” is other than something we write on. If data is given by another in lieu of an interior inspection, read AO-2 in USPAP for guidenance.

By: Gregory Beck on Facebook

Gregory Beck on Facebook — Tue, 07 Apr 2020 00:07:59 +0000

Your liability is the exact same regardless of the product type. Let that sink in.

By: Dave

Dave — Mon, 06 Apr 2020 23:13:18 +0000

We appraisers are going to go from being swamped with refi’s to being swamped with repo appraisals. Wall street sky rocketed today due to irrational exuberance. Wall street and main street are very different. I don’t know how this is going to pan out. Who does for sure, but it’s wishful thinking things are going to land smoothly. The economy have never been stopped in its’ tracks like this.

By: don

don — Mon, 06 Apr 2020 17:16:57 +0000

We are capable of making any kind of limits to a job we contract for, and fully explain. Many of us have done it at least verbally. Even when we inspect, their are limits. Did you ever witness the building inspector making a foundation inspection after the house was built?
All of inspections are as limited as our market investigations. They all have to explained.
In changing markets broad explanations are required to justify OUR INTERPRETATIONS. Some times going to distant locations, and differing housing types are justified.
IF we are to be believed we must maintained our own basis of information, when we rely on ” what sounds good” or doubtful sources our CLIENTS will ask even dumber questions which can’t be answered truthfully
We all make mistakes, don’t make them for your convenience, face up do good, don’t give away our rights to serve a client.

By: SB

SB — Mon, 06 Apr 2020 16:52:26 +0000

Probably not a good idea to do these types of assignments at the beginning of a RECESSION. If house goes into foreclosure it’s highly likely you will get one those “WTF” letters from the State Appraisal Board. There aint gonna be no V shaped recovery. ITS WORSE THAN 2008

By: chris

chris — Mon, 06 Apr 2020 16:04:59 +0000

You can NOT appraise from your desk, might as well use a computer because you do not know functional, external or ACTUAL physical depreciation. MLS photos never show you the TRUTH ! Look up the definition of “as-is” !t says the appraiser is aware of ALL external, functional and physical deprecations. THINK PEOPLE !!! You can not check of as -is ! They say you can, but try putting in an extraordinary assumption and see what they say.

By: Carl

Carl — Mon, 06 Apr 2020 15:47:25 +0000

Understood but those who want hybrids will see these modified desktops as a gateway to hybrids.