MY HOME HAS BEEN APPRAISED BY DIFFERENT APPRAISERS FROM $190k to $325k , yet none have done me justice for what I have, a 4/2.5--- 2 car garg. on 29 acres.pool.and a pond, and much more.
They all come and spend 15 min. and are gone for the hundreds charged. I think they are thiefs for the lenders.
AM I WRONG IN THINKING THAT THEY ARE THIEFs, and so is the dept. of license
2006-11-10 14:19:58 · 4 answers · asked by boby223 2 in Business & Finance ➔ Small Business
I am a professional appraiser. Today appraisals are done by statistical approaches which is why they all spend only 15 min., they all take the parameters needed and leave. In their offices they make the calculations based on statistics, end of story. This means that if you consider a mass of appraisals as dots and plot them and compare them in time with real transactions, many dots will be above and below the "real selling price" curve, although as a whole the deviation will still be acceptable. From a Government standpoint or a Corporation, this is sufficient. From an individual standpoint where you are one of the dots, it is not acceptable because you are not interested in the mass mean values, you are interested in your particular, very private, and singular, property. If you want an appraisal which comes closer to the "real expected selling price", perhaps the best approach is to get in touch with a real estate firm that specializes in selling the type of property you have.
2006-11-10 14:38:12 · answer #1 · answered by Alex S 3 · 0⤊ 0⤋
190k to 325k a difference of 130k sound like an exact science. I bet a Gypsy can do as good with a crystal ball, and a set or Torah cards.
Appraisers work for ? the bank or lender, if they sink to many loans do you think they will be called again?? be for real they sell out like a crack ho in need of a fix.
How else can the bubble get so out of control do you relay think that these high prices are real prices?? You house is only worth as much as some one will pay for it, when it comes down to it an appraisal mean nothing.
And one thing may i ask what is justice for what you have??
http://www.breakingbubble.com/index.htm
2006-11-10 15:07:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Be careful when it comes to appraisers. They can be both good and bad. Good when you are looking to sell your house, they estimate the house being worth alot, etc. However, if you are taking an equity line, or second mortgage, and they appraise the value to be high, this will affect your finance/interest charges.
2006-11-10 14:28:36 · answer #3 · answered by >>Ascher<< 3 · 0⤊ 0⤋
Not All can be trusted.
My commision is exploding!
Please check this out if you are in internet marketing.
'The Death of Internet Marketing':
http://latest-info.blogspot.com/2006/11/death-of-internet-marketing.html
2006-11-12 02:25:36 · answer #4 · answered by Tashi Khoo 3 · 0⤊ 0⤋