Appraisers Blog
FEBRUARY 11, 2025
I wholeheartedly agree that allowing inflated sales prices, which aren’t adequately reviewed by a licensed appraiser, to become the basis for future comps is a dangerous and unsustainable practice. If the industry continues to prioritize volume over quality, consumers and taxpayers will bear the brunt of these poor decisions.
Appraisers Blog
JUNE 15, 2023
Three comps of a matching model in the same neighborhood, sales prices 100, 125, 150. Comps selections represent one better, one worse, one similar. The closer one can identify comps, the less the total amount of adjustments that would need applied. The alternative is a classical simple mathematical approach.
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Appraisers Blog
APRIL 18, 2022
…a brilliant ‘work around’ to solve the subject & comps adjustment issues, which Fannie Mae thinks is no big deal… Appraisers, I was chatting with an appraiser buddy last week about the ANSI measuring dilemma we all face when doing Conventional lending reports, which ultimately will wind up with Fannie Mae.
Appraisers Blog
MARCH 7, 2022
For an appraiser to arbitrarily go into another area to get "comps" merely…. The post NAR Report Paints a Different Picture appeared on Appraisers Blogs. Our Job Is to Observe & Report Our job is to observe and report.
Appraisers Blog
FEBRUARY 14, 2025
The brokers were difficult, espeically the “pre-comps”… but it was pretty cool getting paid at the door – in advance!! I don’t manipulate or omit comp data to “make it fit”… but my Regulator told me we ALL do it. This was over a decade ago but still blows my mind.
Appraisers Blog
MAY 14, 2024
As far as I understand it, when an ROV is submitted to you by the lender, who may have received it from the borrower, they have to give you a valid and researched reason as to why their comp(s) is worthy of being considered and is better than your comp(s). This according to Dodd-Frank & the revised ROV rule.
Appraisers Blog
SEPTEMBER 19, 2024
A picture is worth a thousand words but an in person visit (subject/comps) is worth a million. I had a comp in a neighborhood I was well familiar with and after viewing the listing photos I yelled at the agent (in my head of course) where the hell are the pictures of the mountains the house was facing. She had not included one.
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