I have no doubt that what you say is how things are supposed to work in the "ideal" world. It would be nice if things really worked that way, but when large sums of money are involved, people have a tendancy to protect their interests.
I actually agree. Don't you think that a lifetime of wages, which eventually could be millions of dollars, would influence the appraiser to protect his or her interests? They see blow hard developers and builders go bankrupt every day. Loan officers switch bank to bank. Why would one stick their neck out for such?
"""Your belief that all apriasers base the value they give to a propety based solely on independent value is both naive and silly. """
I don't believe this. Not all do. But many do, and stick around. Those who don't fall by the wayside, sooner or later. Remember the S & L bailout? Doubt it, you sound to young. But about hte only people who went to jail were appraisers.
"""You border on the rediculous to imply that a bigger client wont have any sway on the outcome of an appraisal. If I hired you to do 200 appraisals a year, even though you're an independent contractor working for yourself, you better come up with the numbers I'm expecting for you to continue to get my jobs. """
Shortminded appraisers, or rookies, maybe. Same is true with the Loan officers. Short minded ones who want last long. The mortgage field is full of them, they gravitate there from used car lots. Again, it happens, but the ones who stick around for any length of time, look for accurate reports delivered in a timely manner.
If all an appraiser is is a rubber stamper, then why is there a need for an appraisal?
I'm a developer, but price land to move, no hassles, not to gig some poor out of town sucker who probably won't get a loan based on an appraisal. I like smooth closings, solid banks, solid buyers, and no problem closings. I don't sell stuff over what it is worth. To many problems. To each his own though.
This is true with all the trades.
Enjoy your life on the soapbox, LOL
Eddie[/QB][/QUOTE]
