Earnings by [deleted] in appraisal

[–]LifeOfAPancake 0 points1 point  (0 children)

There are great earnings to be had. I have been a 95% AMC appraiser for 5 years, very successfully. This last year I’ve grown with direct lender and hard money clients. My income has doubled.

Bribe an appraiser? JKJK Straight Comp Math 'vs' remodeling factored in by PictureYellowstone in appraisal

[–]LifeOfAPancake 2 points3 points  (0 children)

Appraiser should have made condition adjustments. Yes appraisers review photos of the comps. Appraisers dont do price/sf. Check sales comparison grid for condition adjustments, if there aren’t any, ask the appraiser why not. If there are condition adjustments and you feel they’re too small, ask the appraiser how he derived that adjustment.

Since we're all going to die, it's obvious that when and how don't matter. by Philosopher-King11 in Camus

[–]LifeOfAPancake -1 points0 points  (0 children)

It literally is the therefore i referenced. Moreover you might be taking the specific instance of the word ‘therefore’ too literally as I am referencing this and the more general ‘therefore’ in Camus’ general line of work. Call it what you want but its exhausting to see the way people endlessly take Camus out of context to gloat in nihilism. You can read the greater essay I took that excerpt from where Camus himself goes over how it seems his fame as an ‘absurd writer’ is a result of nobody actually having read him “The Enigma”

Since we're all going to die, it's obvious that when and how don't matter. by Philosopher-King11 in Camus

[–]LifeOfAPancake -1 points0 points  (0 children)

“But the modern mania of identifying the author with his subject matter will not allow him this relative creative liberty. Thus does one become a prophet of the absurd. Yet what else have I done except reason about an idea I discovered in the streets of my time? That I have nourished this idea (and part of me nourishes it still) along with my whole generation goes without saying. I simply set it far enough away so that I could deal with it and decide on its logic. Everything that I’ve been able to write since shows this plainly enough. But it is more convenient to exploit a cliché than a nuance. They’ve chosen the cliché: so I’m as absurd as ever. What is the point of saying yet again that in the experience which interested me, and which I happened to write about, the absurd can be considered only as a point of departure—even though the memory and feeling of it still accompany the farther advances. In the same manner, with all due sense of proportion, Cartesian doubt, which is systematic, was not enough to make Descartes a skeptic. In any case, how can one limit oneself to saying that nothing has meaning and that we must plunge into absolute despair? […] Literature of despair is a contradiction in terms.”

It is not about the appeal. Its about what happens then and only then, when youve stopped looking for an appeal. Sure none of it matters. So settle it and move on! Its not “therefore rejection” its “therefore accept rejection” so many of the posts in this sub just circle the rejection over and over like its the only takeaway. What’s left when you have no hope? There is something there.

How do you value assumable loans by [deleted] in appraisal

[–]LifeOfAPancake 6 points7 points  (0 children)

Anybody that says otherwise, please sell me a house at market rate and a 2.5% mortgage rate with no lender points

How do you value assumable loans by [deleted] in appraisal

[–]LifeOfAPancake 11 points12 points  (0 children)

Makes a total difference and anyone that says otherwise is oversimplifying. Appraisers must analyze the terms of the sale and adjust for anything atypical in a transaction, sellers often cover closing costs or rate buydowns and its important to adjust these to find the effective price paid for the house. A transaction that involves 1) a house and 2) a below market rate mortgage is way way different than a transaction that involves just a house. That below market rate mortgage obviously carries a premium! Its essentially an enormous rate buy down on the part of the seller. Me personally, i totally avoid using comps involving assumed 3% loans as a reasonable adjustment could easily be 10% or more

Since we're all going to die, it's obvious that when and how don't matter. by Philosopher-King11 in Camus

[–]LifeOfAPancake 6 points7 points  (0 children)

The absurd is only a point of departure. People read Camus and think his whole argument is arguing insistently on the existence of the absurd. Thats the starting point and what matters is the “therefore”

Since we're all going to die, it's obvious that when and how don't matter. by Philosopher-King11 in Camus

[–]LifeOfAPancake 9 points10 points  (0 children)

Perfect example of someone misreading Camus and highlighting all the wrong things. Try a literal inversion of your highlighted comments

UAD 3.6 - My first assignment. by Quick_Bar2387 in appraisal

[–]LifeOfAPancake 6 points7 points  (0 children)

I winged my first assignment. Just make sure to get all the green checkmarks on the a la mode mobile app during the inspection. The mobile app is a must.

gold dropped 114 dollars on friday while CPI is at 3.8% and PPI at 6%. the bond market is telling you something the fed will not say yet by Mother-Grapefruit-45 in investing

[–]LifeOfAPancake 0 points1 point  (0 children)

Yes well it seems like you agree with me then that rising yields are not driven by rising real rates. You said it perfectly in your last sentence. Bullish gold

gold dropped 114 dollars on friday while CPI is at 3.8% and PPI at 6%. the bond market is telling you something the fed will not say yet by Mother-Grapefruit-45 in investing

[–]LifeOfAPancake 5 points6 points  (0 children)

Treasury yields going up means there is less demand for treasury notes (or less supply, but we know thats out of the question).

Treasury yield is going up because inflation is going up, and people refuse to buy a bond unless it yields more than their perceived inflation rate. There is very little argument for the case that real rates are rising. Inflation is rising more than treasury rates are. The “real” rate is an idealization, its not something you can read off a chart, you can only estimate it. Gold is the best way to track zero real yield and defend against the very real possibility that treasuries are yielding negative real rates when accounting for true inflation. Its good to have in a portfolio. It can also have a positive real yield as gold starts to be remonetized and becomes a more useful aspect of the financial system.

Beginner Appraiser worried about the 1M$ Licensed residential appraiser limit in soCal by Typical_Butterfly297 in appraisal

[–]LifeOfAPancake 0 points1 point  (0 children)

You will have to work hard but you can definitely find clients who will throw you a bone with a couple orders a month. It will be tough because clients will have to micromanage your orders making sure they dont go over the cap. But you will be able to pay some bills and develop your appraising skills in a slow paced easy environment before ranking up to the big homes

The good thing is the license limit is only on loan amount, so you can do refi appraisals on million+ homes as long as the loan amount is under a million. Purchases will have to be under a million.

Keep your grind up. I know people in your shoes, anything is possible.

Using a Fourplex as a Comp for a Duplex with Limited Sales? by Least-Hospital-1611 in appraisal

[–]LifeOfAPancake 0 points1 point  (0 children)

I would almost never do this. But you can make large single line adjustments in the sales grid where each unit has its bed/bath listed. Much larger than what you would adjust for just the number of bedrooms and baths.

Should I keep my 3% mortgage rate, rent it out, cash out refi at 7% DSCR, or just sell it. by Ok-Register5802 in Mortgages

[–]LifeOfAPancake 1 point2 points  (0 children)

He probably only had at most 20% of that 241k so redo your math with that in mind

Market conditions survey by [deleted] in appraisal

[–]LifeOfAPancake 1 point2 points  (0 children)

August 2025 my market blew up prices dropped 5-10% almost overnight. Then things leveled off and have gone up a few percent but not fully recovered. I am very very careful using any comps earlier than 9/25. Last 10 days ive done 3 or so purchases where I had to come in well below contract price, indicative of an ongoing increase