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The Business is Driving Good Appraisers Away
Another Appraiser Plans Early Exit

There are several long time appraisers in my area that are highly respected and do a good job for all the parties concerned. The system has changed and their pay has been cut and the hassle and paperwork has more than doubled. Some appraisers say they can't make a living anymore.

I was speaking with one of my favorite appraisers the other day. She called to gain access to one of my listings and I knew the appraisal would be done correctly and that her knowledge of the area and the comps would be accurate. She had been a Broker/Realtor for years and decided to focus solely on her appraisal business several years ago so her background was sound. Now she feels the business isn't for her any longer. 

She spoke about how hard it was to get any report completely finished because the lenders/underwriters feel like they had to challenge her opinions of value and choice of comps rather than relying on her experience and credentials and knowledge of the market. She said that most appraisals take reworking just to please the lender's underwriting.  
 
One underwriter told her to change her comps and told her which comps she wanted ... more

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