All Forum Posts by: Phillip Dwyer

Robert Adams Darn. I was looking forward to meeting you in person. Let's get together soon for lunch or coffee. PM me the details on the 6plex.

Bobby Gerry Thanks for the props! Sorry you can't make it. Looking forward to chatting with everyone in a couple of hours.

Bill Gulley I have had to change the way I drive and how I wave to other drivers:)

Scot Semmens Welcome to BP!! If you're not busy tonight, I'm hosting an event for BPers and other local investors at Tuscany Grille from 7-9pm. This is just an open networking event for people to share ideas. Hope to see you there, and l look forward to reading your contributions on this site.

The best $65 dollars I have ever spent went towards a rear window decal in for my truck. I'm not a wholesaler, but I think it could work for that too.

Hi Jon,
I meant that Tiger is correct about me knowing my stuff;)

Tiger, Nevada also passed some laws regulating appraiser independence not too long ago. Unfortunately, this has caused a collapse of communication between the professions of RE agents and appraisers. Many wrongly believe they can't talk to appraisers at all.

K. Marie, in several situations my clients are requiring proof of funds for the down payment. This will help when determining who may be able to contribute more dough if appraisal issues happen.

What are you trying to accomplish?

Adding to what Bill said, you need to do more than print off some mls sheets with higher sales. Agents do this all the time to me. Giving the appraiser garbage won't help, and might hurt your credibility. Do your homework and give the appraiser info she might not have been able to get on her own. Like Bill said, you need to tread carefully now that there are laws in place to help insulate appraisers from influence.

This time I agree with J Scott! Actually I do most of the time, but we have argued over semantics in regards to appraisals. That said, I'm running into very similar situations both in my appraisal biz and when listing properties for my RE clients. As others have suggested, I would try to get the appraisal contingency waived to have buyer come up with the difference. Additionally, I would gather data that shows the market pricing has been increasing. Appraisers make adjustments to sales prices for changes in the market. Usually the contract dates are used (if known) as the starting point for adjustments. There are several methods used by appraisers to extract rates of change from the data to be used for the adjustment. Ultimately the appraiser has to decide which rate of change is most representative/applicable in that appraisal.
Share with the appraiser the fact you have multiple offers over list price. This is data she/he can add to the appraisal to support an opinion that's higher than comps.