Various organizations decline taf invite to join care group. 02/2023

Play the banned language drinking game. Get out your red pen and issue a revision for every instance of language which would not be acceptable in an actual appraisal report.

“It would have been nice for the GSEs and others to let Appraisers know they were 1. going to start policing words and 2. to have provided a list of the words they anticipated being unacceptable.”

It would be nice if they would stop playing stupid games, but we all know that’s not going to happen.

I don’t usually use templates but I got to thinking since they are so into individual words why not make a neighborhood description of words. It would probably work for most of what I need.

Neighborhood Description: Houses, streets, grass, signs, lights, concrete, stores, utility easements, fencing, schools, fire hydrants, animals, birds, vehicles.

And… in one fell swoop, the government, which accumulated the data, eliminates the entire appraisal concept of external obsolescence.

Great comments Mr. Donk. I only do narrative – non-lender reports – each stating which school district a property is in. Also each comp. write-up states its school district. And yes, property taxes can vary widely by school district in our region. School districts affect value. Giving into the power grabber’s NEWSPEAK practices is destructive to our profession, market participants and our country. Another nail in the coffin. But that, is just the way it is and you just have to play along – and the power grabbers are well on their way to achieving their ultimate goals – and roll-over appraisers are awarded certificates for their non-resistant assists.

I guess we shouldn’t discuss or identify resort communities because they are people oriented/dependent.

You shouldn’t reference in any way, shape or form that a property is in a farm community because someone might be offended who hates the (in their deceived mind) climate destroying farmers and think we should all eat bugs (except for the power lords of course that are not bound by their own dictates and will eat their steaks, shrimp and extravagant desserts).

Be sure not to mention: being located next to an active railroad tracks; lead in the water; the plat has a pool and tennis court; and on and on and on………………….. Laughably sad.

This word policing is and will constantly be a moving target that is dictated by unelected people who are accountable to no one.

This is my last post here and thank the Lord I just retired!!!!!

That’s a tough one. Talk about taxation basis differences instead? Then they could not claim. Oh yes the schools influence local housing, absolutely. Some of the school districts have lost their damned minds, not safe places for children, or adults. We pulled our children out. Completely biased, outright in the open. Their silent revenge; certifiable reductions in property gains area wide, compared to districts with a different approach. Me and my wife have weekly conversations, if we could just somehow make it over the line to the other districts in Weld county. We’re late to the party, homes cost more there now than they do here. Previously, prior to policy changes at the schools, this was not the case. So obviously we’re not the only ones whom feel that way and parents needing children in reliable sane schools has become a very strong market influence item, especially in Colorado. They have ruined public education through nearly this entire state, except for key districts. And guess where everyone wants to move to as a result. It’s on buyers to do that research, and is not the appraisers responsibility to keep them informed of school districts. The full length listings and other MLS tools have the school district identifiers. Appraisers don’t need to mention. If there is an obvious price value barrier because of this, find another way to describe the condition. I deal with that now and then; For one reason or another, homes on this side of the highway sell for much more than the other, and therefore, I have limited comparable selection to only one side, the same side as the subject resides. Something like that.

https://pagetwo.completecolorado.com/2023/04/26/caldara-central-planning-housing-affordable/

Here, check this article out. There is a lot that happens behind the scenes which effect housing pricing. Just when you think you know what’s happening in real estate, read an article like this from a policy watchdog group. Knocks your socks off and it’s right there, so obvious, but people don’t understand how the intricate bureaucratic activity works against some people, and for others. Hold on to your 50’s through 2000’s built properties, because everything new is ultra lux, corporate, or hoa controlled. In the future these will be the most coveted of all properties, because everything new will be high density and/or corporate owned. And believe it, these people know exactly what they are doing, the political theater and social justice equity messaging is just there to distract the masses. Oh lord, I’m about to post a meme…

They already have a workaround. IF they can’t find an appraiser to complete the work, they convert it to AVM. Push comes to shove, they already have a workaround. We need a legal apparatus to stop similar loop holes.

They’ll begin to care Spencer, when the losses start flowing. That’s how this industry works, corrections in retrospect. Otherwise, business as usual. One day they will care, because the investors will demand heads roll. That’s what many people, even many policy makers don’t understand. The GSE mechanism in it’s current form prioritizes selling loans to investors, not necessarily following it’s original mantra of providing expanded lending access in pursuit of the american dream, by way of guaranteeing government backing of said investment instruments to create safe loans. It’s all about risk vs returns and the rising mortgage rates are a reflection of pending market instability. The goal of automation is to prevent a crash and shore up losses, but the benefit will be an illusion, people will continue to default. That’s what I’m on about when talking about first purchase opportunity benefit being throttled and limited to only those bulk buyers on the auction block. Because otherwise we’d have seen these defaults already, with treasurer notices jumping to levels not seen in the past 15 years (it’s true just check your own counties treasurer notices). And those defaults would have already had a downward pull on general market values. Rather, this is now shuffled through in the back ground, aka; artificially propping up the housing market. Enter the ibuyers whom are also said portfolio investors, with vested interests in not letting the market crash. For individual borrowers, straight out of luck, full loss load and no trickle down benefit of reduced pricing due to an excess supply of liquidated properties. It’s quite ingenious really. GSE’s and groups like PAVE claim they want to help all the people achieve home ownership in a fair manner, but the very moment an opportunity for an affordable purchase may show up, they look the other way while big corps speculating in residential bulk buy the units to hold as REITs indefinitely. First Look programs? We don’t need those standing in between corporate profits. There is no such thing as residential anymore, it’s all commercial. Equity!

neighborhood crime rates, amount of commercial land use, proximity to mass public transit with a larger transient populations are things that effect who will buy and for how much. This is the type of things that we can not discuss. That is the point.

Agreed. I was writing an article for the blogs but set it down for a while. This is one paragraph from that soon to be article though below. In response to UCDP, yeah, years ago we were posting links on this site to the patents filed which the CU system software was built upon. I actually tracked those down, read and posted dozens of different patents for software which was utilized to build those systems. They get the benefit of intellectual property, appraisers do not.

The back story to CU development is that this was always a special interest program, funded, developed, and the technology which was utilized, already owned by companies whom could be considered to have a conflict of interest when utilized in such a manner. The goal from the CU’s inception, has always been to replace the appraisers with automation. MISMO followed, then UCDP, then forms rewrites. All meant to remove the appraiser. What the technical systems fail to achieve, is moral and ethical understanding, which is what makes their fluid logic dangerous. Every time I think of the CU system my mind kicks out a stack overflow error and alerts me to logic faults, which I promptly shuffle to the irrelevant thoughts file for later deletion. lol.

Appraisers like myself are the last of a dying breed; focused solely on mortgage lending and default management, but refusing to work with amc companies. We maintain the position our goals are service to the public by way of regulated government institutions involved with mortgage lending. You know, in support of the American dream of home ownership?

Oh, well, that happens all the time. The risk point is when a borrower defaults. That’s when an appraiser is placed against the wall and it’s too late to change anything. I had a lender hassle me about all this language which I felt was irrelevant. Like I always recognize actual mailboxes and think it’s nifty to make a positive statement. Was saying, real mail box service, good, and felt to be superior than neighborhoods with group boxes. They took issue with this and asked for many rewrite points, nitpicking every instance of a positive statement. Basically they perceived the color language, being the messages of positive writing, to be potentially biased. It was just fun commentary within a report, things impossible to offend, flagged anyways. At first I was like am I going to lose this client over these silly issues? Then I stepped back and reconsidered, although I love free writing, it was an acceptable client position to ask me to not use color commentary in my reports. So I switched to a more pragmatic description, less the color commentary. I used to use terms like an impressive remodel, great to see the real mailbox, appealing color alterations to paints and home themes, etc. Simply switched to a similar language, still describing the feature, less that personal touch that wow this was popping and cool. If they want boring reports, and that’s what they’re paying for, I can provide that. Thanks. Also when it comes to demographics, just leave all that out, because in the real world, people know where they are at, no need to even include anything of that nature. Thanks.