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The joke of The Day

By
Real Estate Appraiser

The Joke of the Day.

 

I met a realtor out at a home, I had to appraiser. So while I was talking to him, as I was doing my inspection (yes appraiser can still talk to realtors), he asked me if I liked working out of the appraisal pool. I said what pool? I was thinking he was talking about the cesspool of AMC's, that all of us a swimming in. I had to educate him about the new frontier of residential appraising. Then he proceeds to ask if the home will appraise!!!!! I told him I couldn't talk to him about the value. Then he hands me his list of comps, you know, homes on canals, or have in- ground pools, wile the subject is a dry lot home, without a pool! The kicker was the last comp on his list was in another city. To his credit it was less than a mile away. I felt like I was sent back in time, to 2005. Some people need a wake up call.

Sara Goodwin
Estimation Nation Corporation - Portland, OR
Portland, Oregon Appraiser

Why do I have a sneaking suspicioun that this one isn't going to 'appraise out'?

Jun 19, 2009 12:54 PM
Michael Zollo
Coral Springs, FL
Certified Residential Appraiser, South Florida, FH

The truth is, it might. The foreclosure sale up the block (1/2 price,  but it looks like it has major issues) might hurt it.

Jun 19, 2009 01:07 PM
Jesse Skolkin
Independent New York State Certified Real Estate Appraiser - Fresh Meadows, NY

Mike:

Don't feel alone - I recently did an appraisal in Nassau County, NY for a purchase transaction in which the RE Agent supplied "comparable sales" in the subject town - two of which were of differing style (split level properties 50% larger than the ranch style subject) and the rest which were in the same town but in a different (superior) school district over 2 miles away.

I guess that stupid question Friday will be followed by stupid addendum request Monday. 

Jun 20, 2009 05:37 AM
Michael Zollo
Coral Springs, FL
Certified Residential Appraiser, South Florida, FH

Let me guess, it wasw Merrick, the subject was north of Sunrise highway/27 and the comps were south of Sunise highway?

Jun 20, 2009 07:51 AM
Richard Glesser
North Country Appraisal Services - Gaylord, MI

I've long wanted to develop a Con-Ed class for Realtors to specifically address all these issues.  My hope would be that, at least in my market area, they would become more attuned to the appraisal world beyond the introductory course they're required to take in this state as a pre-license class. 

Jul 13, 2009 03:00 PM