Come On Agents! Lets get together and talk...its been a while! The market has been going nuts!! Let's talk about what you're seeing in the market. I'll explain why. Call me, email me, I'm free professional advice. I like to talk real estate with other professionals almost anytime. Not to mention, how exciting is it to be a part of history, and the new era of high risk lending?! What are you doing to prepare yourself for the change?
Let's talk about the consumer again, and who's being protected? Where's the risk assessment? Property Inspection Waiver? Really? Appraiser's/real estate agents may need to begin thinking about offering a product that helps the buyer make an informed decision when it involves real estate purchases, at a reasonable cost, because lenders don't seem to care anymore. As the market changes, let the professionals stay ahead of the game, and help people make sound investments, and purchasing decisions. Maybe I should be working on a product that will cost the buyer less than $150 for credible, honest, and accurate advice? Perhaps one with a one year life on the street?
Also, on the radar. We have plans of expanding our services to consumer based clients, (ie: Lawyers) and building an appraisal firm, with superior service, and turn around time. We'll keep you posted.
FREE APPRAISAL RELATED SPEAKING
I will be offering free appraisal related speaking to real estate agents, loan officers, attorneys, and the public. If you have a group of professionals who would be interested in free appraisal speaking, then please contact me, and we can arrange a meeting.
Why? The reason for my interest in offering free appraisal speaking is to educate the public on the new rules and regulations that govern appraisers, discuss the myths about appraising, and to change the perception that all appraisers are closet dwelling hermits who don't like to be social. Most importantly, to educate the public and improve the relationship between real estate agents and appraisers.
Thank you agents at David Lyng in Capitola in early May 2014. It was a huge success! Thank you David Lyng and Jenny Putney for giving me the opportunity to speak to your agents. Great questions! We learned a lot. Interview the appraiser, and make sure he is competent and qualified to be within the subject's specific market area.
Thank you agents at Coldwell Banker - Prunedale - 17571 Vierra Canyon Rd, Salinas in mid June. Especially, thank you Frank Maynard for the opportunity to speak to the agents. All agents can call me anytime. I'd be happy to explain more about what constitutes a true market comparable. Interview the appraiser, your market area is very complex, and an expert should know what is considered unique to that area.
Thank you agents of Campos Real Estate Coldwell Banker - 617 E Lake Ave, Watsonville in end of June. Especially, thank you Becky Campos for the opportunity to speak to the.agents. Great questions! Great points about AMC's control of the process on how an appraisal is assigned, through random distribution of orders. You're right! The mortgage mechanics are wrong. The distribution of orders, "Should not be based on a randomly assigned ordering system which sacrifices geographical competence for the lowest appraisal service price. The AMC should disclose the difference between appraisal service and administrative fee. We need more Appraisal Firms! Call me anytime, we can discuss more about what is considered a comp. Remember, offering a group of sales, not comps, that you think best represent the subject property within the market area is not a violation of ethics or appraiser/agent guidelines. Not all appraisers will accept a packet of sales, but its not a violation of ethics to offer sales. Never mention value and you're fine.
USPAP- Uniform Standards of Professional Appraisal Practice. Brief discussion on the Rules and regulations that govern appraisers.
Agent/Appraiser Relationship - Professional or personal?
Scope of Work - Who is the client? What are the intended uses of the appraisal? Who is the intended user? Expanded scope of work?
Comparables - How do we choose comparables?
Appraiser Experiences - Share an experience with an appraiser, good or bad. What constitutes a good appraiser?
Frank Dodd Act - Brief Discussion on the Wall Street Reform Act and how this law affects the lending real estate market.
What's Next? - Let's talk about it.
TOP APPRAISERS INSPIRING GREATNESS
Voice of Appraisal - Appraiser guru, advocate, and living Legend, Phil Crawford, saying it like it is.
HUMANS SAYING AMAZING THINGS
Elon Musk - Published on Jul 15, 2017 - Elon Musk talks about cars, space, energy, risks of A.I. and gets a standing ovation at the National Governors Association Summer Meeting. July 2017.
"If the american people ever allow private banks to control the issue of their money first by inflation & then by deflation, the banks & corporations that will grow up around them will deprive people of their property until their children will wake up homeless, on a continent their fathers conquered."
NEW FAVORITE REAL ESTATE TERM
Parcel Mullet - A property that is well maintained in the front yard, but has been neglected in the rear yard.
Residential Appraisal Services