Apr 13, 2021
10:11:01pm
10:11:01pm
Appraisers don't represent the buyer or the seller
Everyone seems to forget there is usually 3 parties invested in a real estate transaction.
The idea that two parties can agree on a price, whether it is supported or not, then ask a third party to take on almost all of the risk by financing the deal whether or not it makes sense financially for the third party is completely naive.
This is why market value is not just a price two parties agree to. There is a third party!
You want to eliminate the third party, then no need for an appraiser.
The idea that two parties can agree on a price, whether it is supported or not, then ask a third party to take on almost all of the risk by financing the deal whether or not it makes sense financially for the third party is completely naive.
This is why market value is not just a price two parties agree to. There is a third party!
You want to eliminate the third party, then no need for an appraiser.
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- ICBlue
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- Apr 25, 2024
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Messages
Time
I don't disagree with the last part, but that's not the appraisers' fault. They have a legitimate job to do for the most
4/13/21 7:41am
4/13/21 8:00am
4/13/21 9:21am
4/13/21 8:32am
4/13/21 8:42am
4/13/21 7:46am
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4/13/21 8:08am
4/13/21 8:06am
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4/13/21 9:29am
Why is the answer not just a simple computer program that does some data modeling to find a value range based on comps
4/13/21 9:40am
4/13/21 10:03am
How are competitive neighborhoods picked by an appraiser? Not sure how emotion plays into an objective valuation
4/13/21 10:44am
4/13/21 11:09am
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4/13/21 10:56am
4/13/21 12:39pm
4/13/21 9:37am
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4/13/21 12:40pm