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Message
re: Restraining order against bad home appraiser
Posted on 10/6/23 at 8:38 am to blueboxer1119
Posted on 10/6/23 at 8:38 am to blueboxer1119
quote:
Comps from 2+ yrs and 15 miles away. Ridiculous shite.
They can only go back 365 days.
They can extend on mileage if it's a rare property. They can not go back on time.
Posted on 10/6/23 at 10:00 am to Billy Blanks
quote:
They can only go back 365 days.
They can extend on mileage if it's a rare property. They can not go back on time.
Is that a law?
I don't think it us.
If the appraiser needs additional data to bracket a value, they use whatever is necessary.
I've see 10 comps with 4 of them pending listings.
I've seen sales over 12 months in a similar fashion (note...the home would be same style, age, condition, neighborhood in a stable price environment during a market where unique high value homes with a view or unique feature do not go up for sale with regularity).
The appraiser isn't "nailing a value" any more than he/she is bracketing as tight a window as possible for the high end and low end of the current market.
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