Ninety per cent of
real estate appraisers feel pressured to «hit the number,» says an October research survey of approximately 1,200 appraisers in the United States.
Not exact matches
This topic was brought up in another forum post and I
feel it is relevant here with buying large apartments - the importance of building strong relationships with your network like attorney's,
real estate brokers, management company,
appraiser, title company and those folks who are in the «business».
Because of the wide divergence of values produced via due process by
appraisers of dubious hands - on
feeling for the market or for value other than that which they could only produce via number crunching via approved methods without any experiential, common - sense «
feel» for the value of
real estate.
If ever you
feel that you have been victimized by a commissioned sales person, be it a Realtor, a Mortgage Broker / salesperson, or a fee - for - services person like an
Appraiser, a new - age
real estate «fee - for - service» advisor, or even by a lawyer, under the legally defined terms of Negligent Misrepresentation, or as in Crazy Guy's case, «Fraudulent Misrepresentation», stand firm if you are morally outraged by these bullying tactics, and fight the good fight.
238 DOS 07 DOS v. Fierro - general
real estate appraiser; prejudice in preparation of appraisal (former use as a gas station and potential for underground tanks); failure to establish good cause for adjournment («not
feeling well»)
Feel free to bring an expert with you, such as a knowledgeable friend, property inspector, contractor,
real estate agent or
appraiser.
That number is up sharply from the 2003 survey, which reported that 55 per cent of
appraisers felt pressured by mortgage brokers, lenders,
real estate agents and homeowners to reach a predetermined value.
Some
real estate agents and
appraisers, however, say many sellers these days
feel too much pressure to remodel even standard homes, whether it's because of popular TV shows and flashy home design websites, or because friends or agents recommend it when it's not really needed.