All Forum Posts by: Stan Jackson

CB,

Ask your realtor if they know the rules of Home Valuation Code of Conduct (HVCC). This may be where the problem is.

Some agent either don't know the rules or do not clearly understand what is and what isn't permissible under the HVCC rule.

The one rule of coercion is the one that some agents do not have a clear understanding. Basically, an agent cannot provide specific comps for an appraiser to use in the report. However, an agent can provide multiple comps to bring to the appraisers' attention of their availability.

It is no more than saying to the appraiser, " I know you may find other comps, but I want you to be aware that these comps are available".

Often, appraisers and realtors ( when asked to complete an appraisal or bpo) are selected from other parts of the state and may not know the particulars that make up a neighborhood.

Suggesting other comps for the appraiser to choose from does conflict with HVCC.

Andrew,

Ask you friend which MLS system they are using and I will put together a step by step system. Which is actually not long!

Let me know!

@Steve, I know what you mean and I hear the same from investors.

Quickly speaking, banks have been requesting different values since as early as 2007.

I've seen requests for Fair Market value, meaning not under duress such as a pre-foreclosure or REO. If the subjects' market is driven(more than 51%) by a certain sales type, then the valuator is required to use only comps of the majority. It's up to the agent or appraiser to explain why certain comps were used.

If the banks are going to force agents and appraisers to use ONLY fair market sales, then expanded search criteria will become the norm. Also, fair market values will have substantially higher days on market, thereby making it useless.

Ed,

Is this an April's fool joke?

Stan

Okay, today is the first day to join the OwnAmerica program, how many of you are actually going to join?

What do expect from the membership?

Considering I've used Rismedia in the past, I'm not fully sure how valuable the membership could be.

Wow, that is scary! I must say I have not had any outages in my times with QBO, knock on wood.

I agree with the poster in the other forum, that the online version probably isn't meant for everyday use. And, I would add that QBO isn't meant to replace professional accounting software or even accountant.

As Charles said, the greatest and maybe the only advantage, is it ability to be used anywhere, anytime i.e. library, smartphone, hotel computer etc.

@Mike, I just checked the support on QBO and I am not seeing where you can upload any documents. In the 5+ years of using this products, I've never come across such a function.

@Joel, QBO only allows you to maintain books for one company. I've even asked them about allowing separate divisions and that isn't possible.

I believe you can try the Full version and downgrade to the Basic if you are not satisfied, but not 100% sure. What I do know is, be very careful of moving data from the desktop version to the online version if you have data stored in the online version, you will wipe out everything.

I've spoken with a couple of developer/programmers on adding some of the basic functionality of QB to the back office of my website and it was just too expensive. I would be interested in speaking with your guy, if you do not mind.

Thanks,
Stan

Smit,

You gotta ask, insead of wondering or guessing. If you are hessitant, you may be able to send them one of those postcard with the return address/postage and short survey on it. Just a thought!

Welcome to BP, feel free to post your questions.

One suggestion, when you click on "Create A Topic" and start entering the "Subject", you may see a drop down window named "Related Forum Discussions". There you are likely to see several posts in reference to your subject. Read, Read, Read!
So much can be learned from those post.

Good luck!