Appraisal "management companies"

[CosmicCowboy]

What bullshit. Anyone bought a house lately? It used to be that the lender could order appraisals directly for property under contract. After 2008 they changed it to where you have to order an appraisal from an "appraisal management company". Now you just get the "next guy in line" and not necessarily a specialist in your type of property. I did a refi on my primary house recently and the idiot they sent used ridiculous comps and had the value $200,000 too low. We had to pay to send a second appraiser that took the time to actually find reasonable comps and get the price where it was supposed to be. Now I'm buying a lake house and the loan is completely done and ready to close except for the appraisal. It's been three fucking weeks since we requested one and they still haven't done it. We have zero clout to make the asshole it's assigned to to get off his ass and do the appraisal and I'm fully expecting it to be fucked when we get it. If he doesn't use lake front/boat lift comps and just goes by square footage and zip code the comp could be $400,000 off. I will be fucking furious if we get another lazy appraiser and you have to pay the cocksucker before he even does the appraisal so there is no leverage to make him do it right.

[Fabbs]

:lol beaurocrats thruout history.

[vy65]

Same thing happened to me. Bank sent an appraiser from a different part of town who wasn't familiar with my home's area. Fucked up the appraisal completely -- off by 150k. I couldn't get another appraisal in time. Homeowner backed out of the contract and sold to a developer who had a higher number than mine.

I should have sued my bank.

[tlongII]

I just made an offer on another home in Central Oregon. It's costing me $500 for an appraisal. That seems ridiculously high to me.

[AaronY]

Hey everybody cosmiccowboy makes a lot of money!

[Kim Jong-il]

Hey everybody cosmiccowboy makes a lot of money!
:lmao

old faggot feeling the need to brag about his money on the internet all the time.

[Trill Clinton]

Hey everybody cosmiccowboy makes a lot of money!

Lmao

SpursforSix

[Kim Jong-il]

You have to have micropenis level tiny dick to desperately overcompensate the way CosmicCowboy does :lmao

[rmt]

You have to have micropenis level tiny dick to desperately overcompensate the way CosmicCowboy does :lmao

You don't say that when the other side does it.

[Kim Jong-il]

You don't say that when the other side does it.
The other side of what? How often do poor people go on and on about how little money they have?

[rmt]

The liberal/Democrat side.

[CosmicCowboy]

This is political. It's directly related to federal laws getting in the way of common sense and doing business. I gave real life examples of how it has screwed up the system. And yeah, I have real life experience with it because yeah I make a decent living so suck it you jealous little faggots.

[SpursforSix]

Lmao

SpursforSix (http://www.spurstalk.com/forums/member.php?u=49684)

You know it. Anytime any chance comes up for him to mention it.

[pgardn]

Yeah.

When an appraisal company takes 30% of the appraiser's money that's gonna happen. And the companies are flummoxed as to why there are not enough appraisers. Oh, the experts have all retired... BS.

[Kim Jong-il]

This is political. It's directly related to federal laws getting in the way of common sense and doing business. I gave real life examples of how it has screwed up the system. And yeah, I have real life experience with it because yeah I make a decent living so suck it you jealous little faggots.
No way I can find that tiny needle dick that you clearly overcompensate for, but quick! talk constantly about how fucking rich you are to give yourself an erection, maybe then I can spot it.

[Kim Jong-il]

The liberal/Democrat side.
Name one liberal on SpursTalk that brags about their money non-stop. I'll wait. Actually no I won't, because there isn't one you stupid gook bitch.

[CosmicCowboy]

Name one liberal on SpursTalk that brags about their money non-stop. I'll wait. Actually no I won't, because there isn't one you stupid gook bitch.

True. They bitch about the 28% they are paying on their credit cards instead...:lol

[Kim Jong-il]

True. They bitch about the 28% they are paying on their credit cards instead...:lol
Yeah lather your little baby dick right up. You have so much fuckin money! It's amazing!

[Quadzilla99]

On a related topic you guys ever have trouble with your money counting machines? I got this Kolibri bil counter: http://www.ebay.com/itm/like/381555901675?lpid=82&chn=ps&ul_ref=http%253A%252F%252F****************%252Frov er%252F1%252F711-117182-37290-0%252F2%253Fmtid%253D1588%2526kwid%253D1%2526crlp% 253D164966280387_324272%2526itemid%253D38155590167 5%2526targetid%253D272013069280%2526rpc%253D0.55%2 526rpc_upld_id%253D115795%2526device%253Dt%2526mpr e%253Dhttp%25253A%25252F%25252Fwww.ebay.com%25252F ulk%25252Fitm%25252Flike%25252F381555901675%25253F lpid%25253D82%252526chn%25253Dps%2526adtype%253Dpl a%2526googleloc%253D9012378%2526poi%253D%2526campa ignid%253D714348682%2526adgroupid%253D36536579279% 2526rlsatarget%253Daud-265069067476%253Apla-272013069280%2526gclid%253DCj0KEQjwtu3GBRDY6ZLY1er L44EBEiQAAKIcvmsmhTGbRQnByvejJbWIpPjbfRuQPH9S-diUY_j0zQ0aAgBE8P8HAQ%2526srcrot%253D711-117182-37290-0%2526rvr_id%253D1191892870577&ul_noapp=true

And sometimes it takes like 5 minutes to count it all up when I put a thousand 100 dollar bills in it or else it just jams up completely. I'll tell ya life's just one hassle after another. I just literally cannot find a good money counting machine these days.

[pgardn]

Quad

You needed to go with the high end Billcon models. Suggest the triple beam energy model for counterfeit and sorting all denominations. Whit dos bills you got from business dealing mostly with the two-spot, they can help. Lots o fake two spots passed up using only UV detectors.

[rmt]

Name one liberal on SpursTalk that brags about their money non-stop. I'll wait. Actually no I won't, because there isn't one you stupid gook bitch.

I didn't say anyone brags about their money non-stop, but when it's mentioned by a liberal, no one mentions body parts. And I wish I could be buying property or commenting about how much I make - unfortunately, I only earn hugs, kisses and venting phone calls.

[ElNono]

On a related topic you guys ever have trouble with your money counting machines? I got this Kolibri bil counter: http://www.ebay.com/itm/like/381555901675?lpid=82&chn=ps&ul_ref=http%253A%252F%252F****************%252Frov er%252F1%252F711-117182-37290-0%252F2%253Fmtid%253D1588%2526kwid%253D1%2526crlp% 253D164966280387_324272%2526itemid%253D38155590167 5%2526targetid%253D272013069280%2526rpc%253D0.55%2 526rpc_upld_id%253D115795%2526device%253Dt%2526mpr e%253Dhttp%25253A%25252F%25252Fwww.ebay.com%25252F ulk%25252Fitm%25252Flike%25252F381555901675%25253F lpid%25253D82%252526chn%25253Dps%2526adtype%253Dpl a%2526googleloc%253D9012378%2526poi%253D%2526campa ignid%253D714348682%2526adgroupid%253D36536579279% 2526rlsatarget%253Daud-265069067476%253Apla-272013069280%2526gclid%253DCj0KEQjwtu3GBRDY6ZLY1er L44EBEiQAAKIcvmsmhTGbRQnByvejJbWIpPjbfRuQPH9S-diUY_j0zQ0aAgBE8P8HAQ%2526srcrot%253D711-117182-37290-0%2526rvr_id%253D1191892870577&ul_noapp=true

And sometimes it takes like 5 minutes to count it all up when I put a thousand 100 dollar bills in it or else it just jams up completely. I'll tell ya life's just one hassle after another. I just literally cannot find a good money counting machine these days.

:lol

[Kim Jong-il]

On a related topic you guys ever have trouble with your money counting machines? I got this Kolibri bil counter: http://www.ebay.com/itm/like/381555901675?lpid=82&chn=ps&ul_ref=http%253A%252F%252F****************%252Frov er%252F1%252F711-117182-37290-0%252F2%253Fmtid%253D1588%2526kwid%253D1%2526crlp% 253D164966280387_324272%2526itemid%253D38155590167 5%2526targetid%253D272013069280%2526rpc%253D0.55%2 526rpc_upld_id%253D115795%2526device%253Dt%2526mpr e%253Dhttp%25253A%25252F%25252Fwww.ebay.com%25252F ulk%25252Fitm%25252Flike%25252F381555901675%25253F lpid%25253D82%252526chn%25253Dps%2526adtype%253Dpl a%2526googleloc%253D9012378%2526poi%253D%2526campa ignid%253D714348682%2526adgroupid%253D36536579279% 2526rlsatarget%253Daud-265069067476%253Apla-272013069280%2526gclid%253DCj0KEQjwtu3GBRDY6ZLY1er L44EBEiQAAKIcvmsmhTGbRQnByvejJbWIpPjbfRuQPH9S-diUY_j0zQ0aAgBE8P8HAQ%2526srcrot%253D711-117182-37290-0%2526rvr_id%253D1191892870577&ul_noapp=true

And sometimes it takes like 5 minutes to count it all up when I put a thousand 100 dollar bills in it or else it just jams up completely. I'll tell ya life's just one hassle after another. I just literally cannot find a good money counting machine these days.
:lmao

[StrengthAndHonor]

You have to have micropenis level tiny dick to desperately overcompensate the way Splits does :lmao

[DMC]

What bullshit. Anyone bought a house lately? It used to be that the lender could order appraisals directly for property under contract. After 2008 they changed it to where you have to order an appraisal from an "appraisal management company". Now you just get the "next guy in line" and not necessarily a specialist in your type of property. I did a refi on my primary house recently and the idiot they sent used ridiculous comps and had the value $200,000 too low. We had to pay to send a second appraiser that took the time to actually find reasonable comps and get the price where it was supposed to be. Now I'm buying a lake house and the loan is completely done and ready to close except for the appraisal. It's been three fucking weeks since we requested one and they still haven't done it. We have zero clout to make the asshole it's assigned to to get off his ass and do the appraisal and I'm fully expecting it to be fucked when we get it. If he doesn't use lake front/boat lift comps and just goes by square footage and zip code the comp could be $400,000 off. I will be fucking furious if we get another lazy appraiser and you have to pay the cocksucker before he even does the appraisal so there is no leverage to make him do it right.

In short...

[DMC]

Name one liberal on SpursTalk that brags about their money non-stop. I'll wait. Actually no I won't, because there isn't one you stupid gook bitch.

They have liberal arts degrees. No money.

[SnakeBoy]

Name one liberal on SpursTalk that brags about their money non-stop. I'll wait. Actually no I won't, because there isn't one you stupid gook bitch.

http://www.spurstalk.com/forums/showthread.php?t=266654

[CosmicCowboy]

In short...

So what? The financial penis envy in here is hilarious.

Am I supposed to pretend I'm broke so I can fit in?

The point was the value on the exact same 2200 square foot house can vary by $500,000 depending on where it is located and a lazy appraiser that doesn't know the market can blow a perfectly legitimate purchase.

[CosmicCowboy]

And it's a stupid federal regulation that caused the problem. Instead of putting predatory lenders, Fannie/Freddie corrupt executives and crooked Wall Street bundlers in jail they just passed stupid regulations to make the buying of anything but a cookie cutter property more difficult.

[AaronY]

Good luck getting this thread back on track bud..

[SnakeBoy]

Am I supposed to pretend I'm broke so I can fit in?


No you'll need to be a career student also. Smart & broke is the way to go.

[DarrinS]

I make my final house payment next month, so thanks for the heads up. Does this apply to buyers and sellers?

[Th'Pusher]

What bullshit. Anyone bought a house lately? It used to be that the lender could order appraisals directly for property under contract. After 2008 they changed it to where you have to order an appraisal from an "appraisal management company". Now you just get the "next guy in line" and not necessarily a specialist in your type of property. I did a refi on my primary house recently and the idiot they sent used ridiculous comps and had the value $200,000 too low. We had to pay to send a second appraiser that took the time to actually find reasonable comps and get the price where it was supposed to be. Now I'm buying a lake house and the loan is completely done and ready to close except for the appraisal. It's been three fucking weeks since we requested one and they still haven't done it. We have zero clout to make the asshole it's assigned to to get off his ass and do the appraisal and I'm fully expecting it to be fucked when we get it. If he doesn't use lake front/boat lift comps and just goes by square footage and zip code the comp could be $400,000 off. I will be fucking furious if we get another lazy appraiser and you have to pay the cocksucker before he even does the appraisal so there is no leverage to make him do it right.

Which lake?

[Hank Scorpio]

http://www.spurstalk.com/forums/showthread.php?t=266654
So then they're both douche bags

[spurraider21]

On a related topic you guys ever have trouble with your money counting machines? I got this Kolibri bil counter: http://www.ebay.com/itm/like/381555901675?lpid=82&chn=ps&ul_ref=http%253A%252F%252F****************%252Frov er%252F1%252F711-117182-37290-0%252F2%253Fmtid%253D1588%2526kwid%253D1%2526crlp% 253D164966280387_324272%2526itemid%253D38155590167 5%2526targetid%253D272013069280%2526rpc%253D0.55%2 526rpc_upld_id%253D115795%2526device%253Dt%2526mpr e%253Dhttp%25253A%25252F%25252Fwww.ebay.com%25252F ulk%25252Fitm%25252Flike%25252F381555901675%25253F lpid%25253D82%252526chn%25253Dps%2526adtype%253Dpl a%2526googleloc%253D9012378%2526poi%253D%2526campa ignid%253D714348682%2526adgroupid%253D36536579279% 2526rlsatarget%253Daud-265069067476%253Apla-272013069280%2526gclid%253DCj0KEQjwtu3GBRDY6ZLY1er L44EBEiQAAKIcvmsmhTGbRQnByvejJbWIpPjbfRuQPH9S-diUY_j0zQ0aAgBE8P8HAQ%2526srcrot%253D711-117182-37290-0%2526rvr_id%253D1191892870577&ul_noapp=true

And sometimes it takes like 5 minutes to count it all up when I put a thousand 100 dollar bills in it or else it just jams up completely. I'll tell ya life's just one hassle after another. I just literally cannot find a good money counting machine these days.:lol post of the day

[pgardn]

I make my final house payment next month, so thanks for the heads up. Does this apply to buyers and sellers?

It applies to sellers as far as the extra bucks being charged by appraisals, but it gums up the system down the line. It takes longer for everyone. If you get all your house plans in order, extras you added, "blueprints" etc... the stuff the appraisers have to do anyway that you can help them with you can greatly expedite the process. I only know because of friends who have had the same problem.

And just because you made your final payment, you don't have to leave your beautiful moated castle yet? Btw, you need to get the alligators out, large anacondas are the preferred domicile protection reptile that will raise the appraised value. Don't let the tax guy on to this though.

[DarrinS]

It applies to sellers as far as the extra bucks being charged by appraisals, but it gums up the system down the line. It takes longer for everyone. If you get all your house plans in order, extras you added, "blueprints" etc... the stuff the appraisers have to do anyway that you can help them with you can greatly expedite the process. I only know because of friends who have had the same problem.

And just because you made your final payment, you don't have to leave your beautiful moated castle yet? Btw, you need to get the alligators out, large anacondas are the preferred domicile protection reptile that will raise the appraised value. Don't let the tax guy on to this though.


Lol, that last bit. Yeah, we haven't decided yet whether we want to stay or move again. This will be the first time we've ever paid off a mortgage, so I'd kinda like to enjoy that feeling for a while. This definitely isn't our "forever house", since it has stairs. I won't move again unless I can buy the next one all cash.

[CosmicCowboy]

Lol, that last bit. Yeah, we haven't decided yet whether we want to stay or move again. This will be the first time we've ever paid off a mortgage, so I'd kinda like to enjoy that feeling for a while. This definitely isn't our "forever house", since it has stairs. I won't move again unless I can buy the next one all cash.

Depending on location you might be able to rent your existing house for enough to upgrade to the one story you want with a 20% down and let the rent on house 1 pay the note,taxes, and insurance on house #2.

[DarrinS]

Depending on location you might be able to rent your existing house for enough to upgrade to the one story you want with a 20% down and let the rent on house 1 pay the note,taxes, and insurance on house #2.


That is something we're also considering, but I've never been a landlord before. I've seen some bad stories about renters causing damage and/or not paying rent.

[pgardn]

That is something we're also considering, but I've never been a landlord before. I've seen some bad stories about renters causing damage and/or not paying rent.

Teshya Blue, IIRC, has some horror stories.

[rmt]

That is something we're also considering, but I've never been a landlord before. I've seen some bad stories about renters causing damage and/or not paying rent.

CC's advice is excellent - especially if you intend to downsize to a smaller, ranch-style house (although these tend to be older houses with more land than the more modern 2 story/smaller lot houses).

A few suggestions:

Decide if this is something you should/want to do:
1. Are you staying in that area long term or are you gonna move out of town and live near children/grandchildren
2. Are you planning to travel a lot or don't want to deal with tenants.
3. Are you handy or have access to a good handyman?


Is the house good rental property?
1. Is it fancy - lots of glass/mirrors, marble floors, expensive fixtures?
2. Is it easily maintained: ceramic tile is better than marble, laminate is better than real wood, almost anything is better than carpet
3. Do you have a pool, on lakefront or canal - if so, you might need extra liability insurance (pretty cheap, umbrella policy $300-500)


If it's rentable:
1. Qualify for loan for new home before you retire. You have to show income - the rent from your previous home will only count as 70%? (to allow for periods of non-occupancy).
2. Run background check if you want but I find it's best to look for a good fit with the neighborhood - family with same background, culture, language so that they will put down roots and stay a long time.
3. Make sure to get 3 months: first, last and security
4. As soon as rent is overdue, post the eviction notice and start the eviction process. Explain to them up front before signing lease that this is what will happen if they are late or set up a late fee - $x if it's 1 day late, $y if 2 days late, etc in contract. The notice usually strongly urges them to pay up because now the courts are involved. It takes a long time for the process so start asap.
5. Be courteous, helpful, respond immediately to calls for repairs - in short, be nice to them and they'll usually be nice (and pay on time) to you.

[DarrinS]

^Thanks for the advice. A lot to think about.

[Blake]

On a related topic you guys ever have trouble with your money counting machines? I got this Kolibri bil counter: http://www.ebay.com/itm/like/381555901675?lpid=82&chn=ps&ul_ref=http%253A%252F%252F****************%252Frov er%252F1%252F711-117182-37290-0%252F2%253Fmtid%253D1588%2526kwid%253D1%2526crlp% 253D164966280387_324272%2526itemid%253D38155590167 5%2526targetid%253D272013069280%2526rpc%253D0.55%2 526rpc_upld_id%253D115795%2526device%253Dt%2526mpr e%253Dhttp%25253A%25252F%25252Fwww.ebay.com%25252F ulk%25252Fitm%25252Flike%25252F381555901675%25253F lpid%25253D82%252526chn%25253Dps%2526adtype%253Dpl a%2526googleloc%253D9012378%2526poi%253D%2526campa ignid%253D714348682%2526adgroupid%253D36536579279% 2526rlsatarget%253Daud-265069067476%253Apla-272013069280%2526gclid%253DCj0KEQjwtu3GBRDY6ZLY1er L44EBEiQAAKIcvmsmhTGbRQnByvejJbWIpPjbfRuQPH9S-diUY_j0zQ0aAgBE8P8HAQ%2526srcrot%253D711-117182-37290-0%2526rvr_id%253D1191892870577&ul_noapp=true

And sometimes it takes like 5 minutes to count it all up when I put a thousand 100 dollar bills in it or else it just jams up completely. I'll tell ya life's just one hassle after another. I just literally cannot find a good money counting machine these days.

Lol

But no really I'll have my Butler check on it

[Kim Jong-il]

Lol

But no really I'll have my Butler check on it
You mean you don't have a dedicated money machine repairman on retainer 24/7? :lol you must be poor as shit.

[DMC]

So what? The financial penis envy in here is hilarious.

Am I supposed to pretend I'm broke so I can fit in?

The point was the value on the exact same 2200 square foot house can vary by $500,000 depending on where it is located and a lazy appraiser that doesn't know the market can blow a perfectly legitimate purchase.

Stop whipping your financial penis out so often.

[DMC]

Lol

But no really I'll have my Butler check on it

Don't capitalize his position. Next thing you know he'll want to vote and then use the same restroom as you.

[pgardn]

DMC on a strafing run.

[Blake]

DMC on a strafing run.

ne8WwlCP-44

[Splits]

I got a job offer today

[CosmicCowboy]

Congrats