Comments on: National Appraisers Forum

By: Tom Hansson

Tom Hansson — Wed, 02 Oct 2024 22:20:11 +0000

Yes, not only do you have to change the effective date, you have to create a new appraisal file. Now FHA is an intended user/client so it is a new assignment. Don’t forget to also reference the first appraisal in the 3 year history.

By: Twila Gardner

Twila Gardner — Sat, 25 Nov 2023 12:34:17 +0000

I work with AMCs. One gives me a large volume. Servicelink. As of Wednesday their website is gone. I still get reminders for reports in my email, but I didn’t get my deposit notice, nor can I update or submit reports. Does anyone on here know what happened?

By: allan weilbacker

allan weilbacker — Mon, 02 Oct 2023 20:32:20 +0000

using percentage adjustments for all adjustments

By: allan weilbacker

allan weilbacker — Mon, 02 Oct 2023 20:31:02 +0000

Can you use percentage adjustments for all adjustments in appraisal

By: allan weilbacker

allan weilbacker — Thu, 21 Sep 2023 20:55:21 +0000

Using percentage adjustments for all adjustments is that uspap complient

By: Jane Moredo

Jane Moredo — Mon, 13 Mar 2023 17:32:54 +0000

Hello,

Can anyone give me answer this to small survey?

If you are to become an independent consultant for a nationwide appraisal company for commercial properties, how much is the fair rate per job that you can accomplish?

The job would require you to do the inspection as well as valuation and revisions. There will be some help on the data entry part of the report. The client will come from the nationwide appraisal company however; the movement including contact to the property manager for documents and inspection must be done on your side?

Please advice of any perks that you think will be a good idea.

Thank You,
Jane Moredo

By: DARIUS G CARTER

DARIUS G CARTER — Tue, 08 Nov 2022 03:35:34 +0000

In reply to Kay Smith.

Take your closed sales and give each of them a weight as a percentage. (The combined percentages must equal 100 percent.) Multiply the adjusted value by the assigned percentage then add them together. The final number should be close to your opinion of value. Explain why you gave the weight to the highest comp.

example:
Comp#1 was weighed highest due to the recent sale date, similar condition, same size, same room count, close proximity to the subject. For this reason it is considered to be the most similar to the subject and a good substitution for the subject. Comp#2 was weighed second due to the inferior condition but offers a resent sale date, etc…

By: DARIUS G CARTER

DARIUS G CARTER — Tue, 08 Nov 2022 03:25:23 +0000

In reply to Michael Henderson.

As of the effective date, the subject is a SFR.

For this reason, I would appraise it as a SFR note the highest and best Use and notify the client of the situation. Don’t forget to communicate with the client throughout the process.

By: Kay Smith

Kay Smith — Thu, 26 May 2022 21:11:01 +0000

Does anyone have a good reply for reviewers who demand a breakdown of comps weighting? Is there maybe a “canned” response that works? The reviewer won’t accept my explanation and wants a mathematical breakdown, which I never do.

By: Rob

Rob — Sun, 21 Nov 2021 05:28:39 +0000

Hi questions, does anyone know how countryside appraisal management company is to work with? there up state NY. Haven’t heard from them, they opened 3 years ago.

By: Michael Henderson

Michael Henderson — Tue, 09 Nov 2021 20:37:13 +0000

I’ve been appraising real property for 30 years and never had this situation. I have a single family dwelling that is zoned commercial, and my assignment is to perform a 1004 and determine my opinion of market value. Per local zoning codes, if the subject structure is destroyed by any means, the owner is not able to rebuild the structure back to a SFR, but must conform to local building codes. So, it appears that the subject’s Highest and Best Use is commercial. My question is, since the subject’s highest and best use is not SFR, should I contact the lender and not complete the assignment?

By: Benjamin C Todd

Benjamin C Todd — Wed, 02 Jun 2021 21:58:46 +0000

Small low-end condo, 40 yo, poor condition. Most are selling for $30K and in need of repair. The HOA obviously needs to make major repairs to the exteriors, a $140 HOA fee has resulted in minimal repairs over the years.. This particular unit needs the entire ‘basement’ foundation repaired, re-built. Basement Doctor Estimate, $60K.

In this situation… I’m considering using the ‘hypothetical condition’ that the value is based on the HOA making the needed repairs. Otherwise I have a negative value with no land/site value as its a condo. By-laws state that the HOA is responsible for the structure and exterior maintenance. THOUGHTS

By: Kim Giles

Kim Giles — Thu, 25 Mar 2021 21:13:29 +0000

I have a client that ordered an assignment for FHA. They ordered a final inspection for USDA. Same client different intended user, can I do this?

By: Joel R Pace

Joel R Pace — Sun, 14 Mar 2021 17:00:00 +0000

If I turned my garage into a bonus room, is this going to prevent me from getting an FHA loan?

By: Kevin Talbott

Kevin Talbott — Thu, 05 Nov 2020 23:04:23 +0000

In reply to Douglas Miller.

tell the lender to order a new appraisal

By: Douglas Miller

Douglas Miller — Fri, 30 Oct 2020 00:40:27 +0000

Converting from Conventional to FHA. If, I go back out to take a picture of the attic and water heater, do I have to change the effective date. All else was checked initially. Lender wants me to change the date?

By: IMJSAYN

IMJSAYN — Fri, 01 Nov 2019 22:25:26 +0000

Thanks for the info. Joined!