Since there is a Burr #4, it stands to reason there was a burr #1, #2, #3. I don't get these burrs very often, but now and then I have to stop, dismount my normal blogging life, and yell removing the burr from my nerves.
I've had several reasons in my life to use Home appraisers - house appraisers. (Whatever they choose to call themselves). I've decided as they seem to have no rule of measure, no variables, no way of judging a home other than their likes for the day, that maybe, just maybe I could go into the business and call myself a home appraiser.
One measures my house and says it is 1550 sq ft. When we bought it we were told it was 1600sqft. We are paying taxes on 1475 sqft. That is just the beginning.
I asked the Mortgage people at my bank how the present value of my home was determined, she couldn't give me an answer. I did elicit a response from her when I asked, "Why is it that when a realtor does a cost analysis and he comes up with a fair figure to work when (when/if )we want to sell). Then when the bank has a need to appraise the figure is much more different."
"Well" she started with exuberance. "They want to inflate the value so they can get a greater commission."
"But" I interrupt. "Why would there be two different end results. If it is worth "x" amount of $s, it is worth "x" amount of dollars, regardless of who appraises it, or who they appraise it for!"
She didn't like my questioning her so I dismissed it. However I still wonder how five different people can come up with five different figures.
Today another business man told me that "it is the difference in people. When I come in and see your home I like what I see and would give you a high value. Whereas someone else come in behind me and they weren't impressed with - say the kitchen for example, then he would knock some off.
"Wooooeh there now" I protest. "What school did they go to (if that is indeed the case) that told them to go according to their feelings or likes and dislikes of the day?"
Isn't there a set of guidelines that everyone goes by? Do not they all use the same 12" numerical ruler and not centimeters? Doesn't it make sense for one who holds a title or licenses of "appraiser" to have an idea the cost of building materials? My oak cabinets through out my house should have a higher value than if I had cabinets of another lesser wood.
I'm not sure I am explaining my questions - that is probably why Ive not had any satisfying answers yet. But I'll keep asking. So when and if I ever need an appraisal they will not set their foot in my yard until I know their guidelines, and whose rule of law they answer to.
Is there not a state agency? Does the federal government care? How about the city who issues building permits. Does the man who built the house in the beginning say what the value of the house is determined by the costs he has incurred? Or does he have to wait until the "un-named appraiser" comes on a morning after a binge the night before and decides according to how he is feeling at the moment?
I just don't get it. Who is the expert on home appraisals. And where is he? Who does he work for? The one who hires him or the man whose house he is appraising? According to who is paying for it? - that could makes sense. But that doesn't work. I pay the bank, the bank hires an appraiser with my money - yet he isn't working for me - he is working for the bank who got the money from me. I just may have to come back to this one. I ain't quiet got this burr out of my saddle!
Sorry - I just don't get it.
Grammyof13 over and out.













