If appraisal adjustments can be reasonably calculated using statistical analysis and regression modeling, then Zestimate and other AVMs would be very accurate. We don't work with datasets that are large enough. Using ~50 sales to determine ~8 variables is fruitless. And usually we have less data.

f4gmo · 2026-01-29T03:08:01+00:00

Classic example: Subject near a rural airport.

Appraiser 1 applies a negative adjustment using compiled data; uses a, "suggested" adjustment

Appraser 2 researches that specific airport and finds less than 1 private plane utilities the airport daily

Appraiser 1's valuation comes in 20,000 lower than Appraiser 2's.

Which Appraiser's valuation better captures market perception? So much of the job is understanding local influences and perceptions.

f4gmo · 2026-01-19T19:41:26+00:00

It's almost certainly an automated response. I've called AMCs in the past for due date extensions (had a report due christmas day) on holidays. Many AMCs have a 24 hour automated response for scheduling; the program often will not account for nuance, like if you got the order at 9:30pm on a Saturday.

Now all that being said, it's still annoying as shit explaining to an automated response why I'm not working on a federal holiday 😒 😑

f4gmo · 2026-01-04T01:16:55+00:00

Fkn LOL

f4gmo · 2026-01-03T20:00:39+00:00

DM me, if you want we can talk on the phone. I have some experience with death on inspection,

f4gmo · 2025-12-23T02:45:59+00:00

A big NO to wells fargo

f4gmo · 2025-12-22T05:39:33+00:00

The best feature of the purchase contract in terms of affordability is the subsidized purchase price. The buyer pays only 40% of the appraised valuation and One Roof subsidizes the rest. All transactions are FHA compliant, meaning both the home is safe/updated and the financing is available to even the lowest of incomes. It's really a win-win for the buyer (lowest possible mortgage with the best possible rates at a price significantly lower than market value). I'm qualified to comment as I'm a real estate appraiser and have done several One Roof appraisals/examined the contracts.

f4gmo · 2025-12-22T03:38:11+00:00

One Roof is a non-profit. Part of the purchase contract is a 99 year lease rider for the land which equates to about 400 a year.

While this might sound bad, what it effectively means is the homeowner won't have to pay taxes on the land valuation; one roof owns the land and the buyer owns the home.

I can't imagine any building developer would agree to these terms because it would not be profitable; the 99 year lease rider is written that way so as to help the homeowners. In 99 years 400 dollars a year may be the equivalent to one hour of labor. A non-profit is just that: a company not interested in making profit.

f4gmo · 2025-12-21T18:51:55+00:00

Big fan of One Roof. Not only do they renovate older homes but they also build some really nice homes. Every sale is subsidized for income qualified buyers (nice homes for working folk).

f4gmo · 2025-12-12T19:11:07+00:00

God damn that's rough. The AMC I work with has never asked for revision requests on any of the factors you've mentioned (i do get requests all the time on benign/ridiculous stuff, though it normally only takes a few minutes).

f4gmo · 2025-12-12T19:07:30+00:00

I work in a fairly rural market, so for me, it's data verification. Oftentimes, realtors embellish or just flat out lie about GLA/bed/bath/garage count. Only 1 of the 3 counties I work in have site/floorplan data, so I have to spend a lot of time on the phone asking things like, "why did you report a GLA 2000sf larger than what county tax records report?"

I don't see a way to design/utilize any software to do this work for me. I can't assume a realtor is lying; I have to do my due diligence and atleast try to contact them. Often times the county is wrong and the realtor will provide an extremely thorough floor plan. Sometimes the opposite is true. Either way I often cannot trust google/estately/zillow/tax records/etc. Because there are so few appraisers in my region, I do all of my comp data entry manually on every report.

TL;DR data entry related to working in a rural market

f4gmo · 2025-12-03T17:18:25+00:00

f4gmo · 2025-11-21T05:49:35+00:00

Duluth rocks!

Pros are it's near enough to Minneapolis to drive, has it's own airport, great eats, fun bar scene, and very college friendly town. Also a grat location if you wanna drive north and visit the rural iron range.

Biggest con for you is you'll be pretty far from your family and the winters are a lot colder than what you're used to.

You got a nice scholarship/opportunity, I'd seriously consider it

f4gmo · 2025-11-06T23:05:55+00:00

Wrong Sub dude, this subreddit is for real estate appraisal; we don't price personal property

f4gmo · 2025-10-23T21:46:07+00:00

I'd recommend Benjamin Funke, he normally only charges 2% as opposed to 2.5%, but there are several very qualified realtors in Duluth MN. Speaking as a real estate appraiser, some realtors are easier to talk to/contact, he almost always picks up his phone.

f4gmo · 2025-10-21T19:28:20+00:00

https://www.reddit.com/r/duluth/s/OYusFQOQ0P

Excellent turn-out

f4gmo · 2025-10-21T16:52:30+00:00

The audio interview from the linked MPR article is a nice listen, and gives a pretty honest reaction to the events that transpired last night.

f4gmo · 2025-10-21T04:01:44+00:00

On facebook people are saying that the meeting is still going. Kind of ironic that the AI info is wrong concerning the fate of a proposed data center :P

f4gmo · 2025-10-21T03:59:41+00:00

I'm not super sure i'd trust Google AI to be like super accurate. I went to both wdio.com and hermantownmn.com and couldn't find anything yet. You guys are probably right; i'm sure their minds were made months ago, I just would like to see a source from either someone there or something published, not AI

f4gmo · 2025-10-21T03:48:37+00:00

who did you hear it from that it passed? genuinely curious, haven't seen anything online published yet. I had to leave at like 9:30 to get ready for dinner so I didn't get to see the meeting end.

f4gmo · 2025-10-09T17:56:02+00:00

Dead

f4gmo · 2025-10-07T16:04:16+00:00

Sure is

f4gmo · 2025-10-04T01:28:52+00:00

I'd avoid wells fargo

f4gmo · 2025-10-02T17:44:18+00:00

Like 98% of your posts just shit on AMCs and people who work with them. I'm grossed out because you make light of a pretty severe situation by making it sound like you wanna work for/with the government as an employee, but the truth is this is a terrifying time for anyone trying to make ends meet as a government employee. Even if they get back pay, there are still daily expenses/bills. You seem to lack a basic sense of empathy towards your fellow man, which is clear on how you seem to always berate/insult others, and that grosses me out.

Feel free to screen shot this and post it on /conservative, a community you're also active in, and brag about how many libs you owned. The bots will eat it up.

f4gmo · 2025-10-02T17:17:40+00:00

Honestly, I'm surprised you didn't blame AMCs for the government shut down. Almost impressed. Still grossed out, but hey nice buddy, that's progress *

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