“Beware the Appraisal” Shows Why We Are In This Mess
“Past performance‚ may not be indicative of future results.” Then why is it OK for an appraiser to assume as much? And if every appraisal used this declining market logic in determining value, how would our market or any market reverse course?
This whole sentence indicates why there is a problem right now. Some otherwise fine people are complaining that an appraiser had the audacity to mark “declining market.” Well, it IS declining. It is not the role of the appraiser to help turn around the market. It is the role of BUYERS to decide that. We measure what buyers are doing. Our job is not to stop the bleeding. Please read this post. It is a scary one. Don’t kill the messenger!
Original post: Beware The Appraisal
Eileen
[...] – bookmarked by 1 members originally found by eggradio on July 13, 2008 “Beware the Appraisal†Shows Why We Are n This Mess http://valustar.net/wordpress/2008/07/04/beware-the-appraisal-shows-why-we-are-n-this-mess/ – [...]