3 ms·
Is there data for how much appraisals on a single house vary across appraisers, in general? The process seems pretty ... unrigorous. EDIT: Here's another NYT a
by mycologos 5y ago
Is there data for how much appraisals on a single house vary across appraisers, in general? The process seems pretty ... unrigorous.
EDIT: Here's another NYT article complaining about appraisals [1] and attributing a 50% increase in appraised price to the presence of blooming flowers in a formerly dormant garden.
There's also a very long thread about this topic at "AppraisersForum" [2]. It's an interesting thread if you're curious about reactions from appraisers themselves, though it seems to have sort of a Fox News tilt.
[1] https://www.nytimes.com/2011/09/17/your-money/decoding-the-wide-variations-in-house-appraisals.html https://www.nytimes.com/2011/09/17/your-money/decoding-the-w...
[2] https://appraisersforum.com/forums/threads/allegations-of-appraiser-racism.228440/ https://appraisersforum.com/forums/threads/allegations-of-ap...