Comments on: CU and Appraiser Regulation

By: Herb Martin on Facebook

Herb Martin on Facebook — Fri, 06 Mar 2015 02:05:58 +0000

Could someone enlighten me on where you get the data to back up your adjustments. No where on a listing does it specify what part of the value pertains to which feature or amenity. Please tell me how to look at several listings and determine how much to adjust for a half bath by looking at lets say 20 listings, I missed that in class and in training.

By: Michelle

Michelle — Fri, 06 Mar 2015 00:01:06 +0000

Sounds like a bunch of pooey from a form filler. “regression analysis”, oh no the sky is falling. You do not need regression, how about data analysis, matched paired analysis, allocation, yes single line regression, depreciated value, cost to cure, cost to cure + market response, Hagar’s “percentage of use calculations”, capitalized via change in rent income, market studies, interviews, yes and more (take a class from Richard Hagar SRA.). The bottom line, just have data to back up your adjustments. And yes Pending sales are “FORWARD indicators of future home sales activity. No your market. Back up your adjustments.

By: Mark Anderson

Mark Anderson — Thu, 05 Mar 2015 14:35:11 +0000

If the regulators are taking comfort in regression analysis for adjustment criteria, then they should be reminded of the garbage in garbage out models the gov’t used prior to the meltdown. Without sensitivity analysis and good ole common sense and good judgment, the process will look good but may not be reflective of the actual market. Having worked with modeling for years, I have come to realize that you need human analysis. CU is a good wake up call to take a fresh look at the process, but it may not deliver the intended results.

By: Retired Appraiser

Retired Appraiser — Tue, 03 Mar 2015 20:32:56 +0000

APPRAISER ~ As defined by FNMA

“A professional certified by their state to value real property”

“An individual whose opinion cannot be trusted, regardless of their experience and education”

By: Retired Appraiser

Retired Appraiser — Tue, 03 Mar 2015 20:28:00 +0000

In reply to Herb Martin on Facebook.

The powers that be have apparently come to the conclusion that the method valuation being used for the past 80 years didn’t work. Every appraisal dating back to 1930 was unusable. They are now in the process of reinventing the process of valuation and figuring out what to do with the guys they issued appraisal licenses to from 1990 to date. God help those of you who insist on remaining seating through the finale.

By: Herb Martin on Facebook

Herb Martin on Facebook — Tue, 03 Mar 2015 15:02:01 +0000

Is the problem lazy form fillers or pathetic brainiacs with no common sense that think thay can compile a list of vaguely defined data and state an exact value? Why don’t someone try simplification instead of redundant layers complaction. After all simplicity is genius.