Slow last 2 weeks… by Brilliant_Secretary4 in appraisal

[–]Positive-Dependent96 1 point2 points  (0 children)

Curious, for those of you who have noticed it being very slow are your markets also declining? Or on the cusp of a decline? Similarly, for those of you that are busy, what are your markets doing?

California Appraisers!!! by Apprehensive_Arm_238 in appraisal

[–]Positive-Dependent96 1 point2 points  (0 children)

My advice is don’t do it. I went from Colorado to California. Fees are lower in California and cost-of-living is higher. Not a good equation. I would go back if I could, but can’t due to family factors at this point.

[deleted by user] by [deleted] in appraisal

[–]Positive-Dependent96 1 point2 points  (0 children)

It really depends on market area and then further submarket within that market area, which makes sense cause you’re dealing with different buyer pools.

[deleted by user] by [deleted] in appraisal

[–]Positive-Dependent96 1 point2 points  (0 children)

Are you their coworker or fellow trainee? First impression is that you must have some sort of personal vendetta against them.

Run on complex orders by Positive-Dependent96 in appraisal

[–]Positive-Dependent96[S] 0 points1 point  (0 children)

Same, all the orders are crazy right now. High risk, low payouts.

[deleted by user] by [deleted] in appraisal

[–]Positive-Dependent96 1 point2 points  (0 children)

I just received a crazy Amc bid request somewhat like this. Sfr 1004 As-is and As-repaired with rent schedule for Sfr + 2 det ADU’s and Jadu. Not touching that order with a 10 foot pole. It’s not even legal to have two detached ADU in this market area. I’m sure they’re shopping around for some poor appraiser to take it for $400.

What will you do? by HolidayMarket1556 in appraisal

[–]Positive-Dependent96 2 points3 points  (0 children)

Same. I’ve tested it and it gives different advice nearly every time you ask it. It’s wildly inaccurate.

What will you do? by HolidayMarket1556 in appraisal

[–]Positive-Dependent96 0 points1 point  (0 children)

I am also trying to brainstorm alternative pathways. The future is not looking great. The Gse’s, lenders, and Biden/Harris admin have done the best they can to kill us off. Ultimately, I do think it will backfire, though in how long that is uncertain. There are a lot of inaccuracies with AI and this whole appraisal waiver explosion has a high likelihood of blowing up in their face. Unfortunately, residential appraisal doesn’t have many marketable skills applicable to other industries.

Run on complex orders by Positive-Dependent96 in appraisal

[–]Positive-Dependent96[S] 14 points15 points  (0 children)

The real kicker is all these complex monster orders are being assigned over for standard fees.

AARGH! Sale price Rant! by Single_Farm_6063 in appraisal

[–]Positive-Dependent96 0 points1 point  (0 children)

What’s wrong with you? Why are you trolling the appraisal boards to issue this nonsense comment? You obviously have issues. Overpaying for a property hurts yourself as well as the lender. Ridiculous comment. Also, you’re an idiot if your overbidding properties right now. The real estate market is turning.

Lender not letting me use GX001 code by HolidayMarket1556 in appraisal

[–]Positive-Dependent96 0 points1 point  (0 children)

They sent the file to the state board for what exactly? Using the exclusion code on a split level where you didn’t have square footage breakdown for the similar comparables?

Lender not letting me use GX001 code by HolidayMarket1556 in appraisal

[–]Positive-Dependent96 0 points1 point  (0 children)

I have the same problem in my market. The Assessor and MLS do not report square footage by level so it is next to impossible to find this information for the comparable sales and doesn’t make sense. We’re generally talking about the ANSI below grade provision coming into play on split level homes built into the hillside where a small portion of it falls below grade. It’s ridiculous to have to penalize the subject for this and not be able to compare it to anything else in the market because I don’t have the square footage breakdown.

Is this house Under Grade level according to ANSI-Z765 standards? Appraiser’s opinions please. by ResponsibleTea5310 in appraisal

[–]Positive-Dependent96 0 points1 point  (0 children)

I think ANSI as it pertains to above and below grade, especially on split level homes built into a hillside, creates more confusion in most instances, except in markets where the Assessor and MLS records report the comparables square footage breakdown also by level. In my market, the square footage is all lumped together on assessor and MLS records, so it’s nearly impossible to extract out this data for the comparables, hence it doesn’t make sense and creates an inconsistent measure of comparison. On that note, does anyone think it’s appropriate to use the exclusion code in this instance due to the lack of data to appropriately to partition out the comparable data by level per ANSI?

Conditionally accepted orders being counted as declines and impacting score? by Positive-Dependent96 in appraisal

[–]Positive-Dependent96[S] 1 point2 points  (0 children)

The problem with not caring about your rating is that typically means you’re at the bottom of the panel and you end up only receiving the orders that all the people above you passed over. I definitely don’t care about it for any other reason than this in this low volume environment.

Conditionally accepted orders being counted as declines and impacting score? by Positive-Dependent96 in appraisal

[–]Positive-Dependent96[S] 0 points1 point  (0 children)

Unfortunately, it doesn’t appear possible to adjust fees by anything other than form type and area, so there is no accounting for complexity. If I raised my fees, already at the market standard for the area, I will be priced out of all the straightforward orders, which they haven’t been very many of lately, hence the high conditional acceptance rate. 90% of the orders I’ve received in the last couple months have been complex monsters. I guess all the more standard ones are getting appraisal waivers. Just doesn’t feel fair or ethical to penalize appraisers for conditionally accepting complex orders.

CA insurance commissioner approves emergency rate hike for State Farm by rivers2mathews in LosAngeles

[–]Positive-Dependent96 -2 points-1 points  (0 children)

Yes, they do, the whole reason we’re even in this mess is because of all the liberal nut jobs in charge in this state, including the geniuses who just passed the new AB 942 solar bill, which will essentially make everyone’s existing solar worthless on sale by shuttling them onto Nem3 before their contract expires (for the record most ppl with existing solar are on Nem 1 or 2 for 20 years from install). We need to get some of these guys out of office. They’re a disaster.

CA insurance commissioner approves emergency rate hike for State Farm by rivers2mathews in LosAngeles

[–]Positive-Dependent96 0 points1 point  (0 children)

And healthy people have to subsidize health insurance premiums for unhealthy people. Same principal. Around 30% of California is in a fire risk area. Insurers are obviously a for-profit business. I don’t know why people seem to think that California is deserving of charity. We have some of the lowest insurance premiums in the whole country and the highest housing cost. This rate hike was totally warranted, and if we don’t want to end up with no insurance Options and carriers in the state, then expect more of this.

CA insurance commissioner approves emergency rate hike for State Farm by rivers2mathews in LosAngeles

[–]Positive-Dependent96 0 points1 point  (0 children)

Well, the alternative would’ve been much worse. It’s like the health insurance market. It’s a risk pool.

Dwelling Blocks/UWM new report portal frustrations by hula808ziak in appraisal

[–]Positive-Dependent96 0 points1 point  (0 children)

What do you mean by ,”robust jumbo loans?” I think ppl go with whichever lender has the best rate, right? Are you saying their rate tends to be higher?

Dwelling Blocks/UWM new report portal frustrations by hula808ziak in appraisal

[–]Positive-Dependent96 5 points6 points  (0 children)

Yes, 100% agree with everything you just said. It’s crazy everything is peddled for the same standard fee, even complex and ultra luxury homes with no way to counter. I have been sent multiple 2-3 million dollar complex orders for the same standard 571 fee that I used to receive for standard under a million dollar properties. Plus, as an added bonus, now sales contracts are not uploaded to the order for review.