Excellent Appraisal Scoop Post: Of FHA, pizza, appraisal reports and your worth!

http://www.realestateappraisertips.info/ - Excellent Appraisal Scoop Post: Of FHA, pizza, appraisal reports and your worth! Dave Towne offers advice for appraisers with interesting word-pictures!

Here’s the link and a snippet:

“So…pizza in relationships to reports, and income? It’s puzzling at first bite. But it makes sense. In today’s society, we are accustomed to instant gratification. “Just give me the report…quick.” That’s the mantra of mortgage lending. Quality…the tastiest ingredients…takes a back seat to cheaper products and details. Quality details in their entirety get dropped out of reports in place of boiler plate generic comments that are not specific to a particular property. Quality has diminished, as had potential earnings.

We are so accustomed to ‘making’ a pizza by going to the store and buying a product in a box that we forget what it takes to actually produce that product. It all starts with the ingredients carefully tended by farmers over many months. Then those ingredients are assembled by the pizza maker into a tasty pie we all enjoy. There are individual items that when combined properly bring us an enjoyable meal. But we all know that cheaper ingredients make for a lousy pizza. And cheaper, less detailed reports leads to indigestion both for the lender and the appraiser at some point in the future.”

Thank you Brian Davis and Dave Towne for helping us navigate all of these changes!

If you enjoyed this article, you might also like...:

1. Dave Towne: Fee and Copyright Comments In Real Estate Appraiser Reports
2. Appraisal Scoop: FHA Releases New FAQ on AMC’s, Reasonable and Customary Fees andTurn Around Times
3. Adding iPhone GPS Photo in Aerial Mapping For Real Estate Appraisal Reports
4. Appraiser Dave Towne Offers Wisdom For Home Appraisers Heading Into 2010, Plus Excellent Interview
5. Marketing For Home Appraisal Tax Appeal Work: An Excellent Example Of How It’s Done!