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February 18, 2010 at 5:46 PM #515575February 18, 2010 at 7:12 PM #514707SD RealtorParticipant
Okay Brian
Since you seem to know so much about how appraisers work, why don’t you tell me how many appraisers you have personally worked with. Let me know how many of them dig through the county records to find useful comps.
The ones I have dealt with in my experience use the MLS. They may cross check whatever they are using with the county records but that is never a starting point. Furthermore when they find a data point that is way out of whack, they do not use it or they note it is an exception.
When you make an insinuation that this property could be used as a comp that an insult not to people who know about real estate but it lowers the bar for the entire blog.
*************
Additionally these people did record the sale. You got what you are entitled to Brian, a recorded sale. What irritates you is that you feel entitled to know the details of the transaction. Rather then think there are reasonable explanations you immediately feel it is your business to know because it doesn’t fit the data set. Why that is, I am not sure. Could it be that this person sold to a family member or a friend? Could it be that there is an explanation for it? Regardless of whether the reason is legal or not, why are you entitled to know the underlying circumstances? Is it your job? Are you an IRS agent? Are you an appraiser?
You see, the point here is that the data point not only does not fit the data set, it is so far from the data set, that it doesn’t matter. For you to cry about entitlement to find out the details is odd to me. What is more scary is that it is not a leap of faith to go from wanting to know the details about this sort of stuff, to wanting to know more details about other purchases, or other aspects of our lives that frankly are personal and to this point still gauranteed by our right to privacy.
February 18, 2010 at 7:12 PM #514851SD RealtorParticipantOkay Brian
Since you seem to know so much about how appraisers work, why don’t you tell me how many appraisers you have personally worked with. Let me know how many of them dig through the county records to find useful comps.
The ones I have dealt with in my experience use the MLS. They may cross check whatever they are using with the county records but that is never a starting point. Furthermore when they find a data point that is way out of whack, they do not use it or they note it is an exception.
When you make an insinuation that this property could be used as a comp that an insult not to people who know about real estate but it lowers the bar for the entire blog.
*************
Additionally these people did record the sale. You got what you are entitled to Brian, a recorded sale. What irritates you is that you feel entitled to know the details of the transaction. Rather then think there are reasonable explanations you immediately feel it is your business to know because it doesn’t fit the data set. Why that is, I am not sure. Could it be that this person sold to a family member or a friend? Could it be that there is an explanation for it? Regardless of whether the reason is legal or not, why are you entitled to know the underlying circumstances? Is it your job? Are you an IRS agent? Are you an appraiser?
You see, the point here is that the data point not only does not fit the data set, it is so far from the data set, that it doesn’t matter. For you to cry about entitlement to find out the details is odd to me. What is more scary is that it is not a leap of faith to go from wanting to know the details about this sort of stuff, to wanting to know more details about other purchases, or other aspects of our lives that frankly are personal and to this point still gauranteed by our right to privacy.
February 18, 2010 at 7:12 PM #515269SD RealtorParticipantOkay Brian
Since you seem to know so much about how appraisers work, why don’t you tell me how many appraisers you have personally worked with. Let me know how many of them dig through the county records to find useful comps.
The ones I have dealt with in my experience use the MLS. They may cross check whatever they are using with the county records but that is never a starting point. Furthermore when they find a data point that is way out of whack, they do not use it or they note it is an exception.
When you make an insinuation that this property could be used as a comp that an insult not to people who know about real estate but it lowers the bar for the entire blog.
*************
Additionally these people did record the sale. You got what you are entitled to Brian, a recorded sale. What irritates you is that you feel entitled to know the details of the transaction. Rather then think there are reasonable explanations you immediately feel it is your business to know because it doesn’t fit the data set. Why that is, I am not sure. Could it be that this person sold to a family member or a friend? Could it be that there is an explanation for it? Regardless of whether the reason is legal or not, why are you entitled to know the underlying circumstances? Is it your job? Are you an IRS agent? Are you an appraiser?
You see, the point here is that the data point not only does not fit the data set, it is so far from the data set, that it doesn’t matter. For you to cry about entitlement to find out the details is odd to me. What is more scary is that it is not a leap of faith to go from wanting to know the details about this sort of stuff, to wanting to know more details about other purchases, or other aspects of our lives that frankly are personal and to this point still gauranteed by our right to privacy.
February 18, 2010 at 7:12 PM #515358SD RealtorParticipantOkay Brian
Since you seem to know so much about how appraisers work, why don’t you tell me how many appraisers you have personally worked with. Let me know how many of them dig through the county records to find useful comps.
The ones I have dealt with in my experience use the MLS. They may cross check whatever they are using with the county records but that is never a starting point. Furthermore when they find a data point that is way out of whack, they do not use it or they note it is an exception.
When you make an insinuation that this property could be used as a comp that an insult not to people who know about real estate but it lowers the bar for the entire blog.
*************
Additionally these people did record the sale. You got what you are entitled to Brian, a recorded sale. What irritates you is that you feel entitled to know the details of the transaction. Rather then think there are reasonable explanations you immediately feel it is your business to know because it doesn’t fit the data set. Why that is, I am not sure. Could it be that this person sold to a family member or a friend? Could it be that there is an explanation for it? Regardless of whether the reason is legal or not, why are you entitled to know the underlying circumstances? Is it your job? Are you an IRS agent? Are you an appraiser?
You see, the point here is that the data point not only does not fit the data set, it is so far from the data set, that it doesn’t matter. For you to cry about entitlement to find out the details is odd to me. What is more scary is that it is not a leap of faith to go from wanting to know the details about this sort of stuff, to wanting to know more details about other purchases, or other aspects of our lives that frankly are personal and to this point still gauranteed by our right to privacy.
February 18, 2010 at 7:12 PM #515604SD RealtorParticipantOkay Brian
Since you seem to know so much about how appraisers work, why don’t you tell me how many appraisers you have personally worked with. Let me know how many of them dig through the county records to find useful comps.
The ones I have dealt with in my experience use the MLS. They may cross check whatever they are using with the county records but that is never a starting point. Furthermore when they find a data point that is way out of whack, they do not use it or they note it is an exception.
When you make an insinuation that this property could be used as a comp that an insult not to people who know about real estate but it lowers the bar for the entire blog.
*************
Additionally these people did record the sale. You got what you are entitled to Brian, a recorded sale. What irritates you is that you feel entitled to know the details of the transaction. Rather then think there are reasonable explanations you immediately feel it is your business to know because it doesn’t fit the data set. Why that is, I am not sure. Could it be that this person sold to a family member or a friend? Could it be that there is an explanation for it? Regardless of whether the reason is legal or not, why are you entitled to know the underlying circumstances? Is it your job? Are you an IRS agent? Are you an appraiser?
You see, the point here is that the data point not only does not fit the data set, it is so far from the data set, that it doesn’t matter. For you to cry about entitlement to find out the details is odd to me. What is more scary is that it is not a leap of faith to go from wanting to know the details about this sort of stuff, to wanting to know more details about other purchases, or other aspects of our lives that frankly are personal and to this point still gauranteed by our right to privacy.
February 19, 2010 at 2:26 AM #514872CA renterParticipantWithout full transparency and accountability, healthy capitalism cannot exist.
IMHO, **all** large transactions should be a matter of public record.
If this was an inter-family transaction (or seller-funded loan, etc.), then the record should show that, and there would be no problem with the transaction.
Lots of crimes are actually caught by adult versions of citizen “hall monitors.” They make it their business to investigate things when something looks fraudulent or when it looks like the public/innocent people would be damaged by the behavior in question.
I understand the desire of people to keep certain things private, but they can use LLCs or other vehicles to mask their names, just like Brian pointed out.
Real estate is a big part of our economy, and each transaction has the potential to have ramifications for people outside of the transaction (comps, property tax issues, or fraud that requires taxpayer bailouts!). It’s imperative that transactions are a matter of public record.
February 19, 2010 at 2:26 AM #515016CA renterParticipantWithout full transparency and accountability, healthy capitalism cannot exist.
IMHO, **all** large transactions should be a matter of public record.
If this was an inter-family transaction (or seller-funded loan, etc.), then the record should show that, and there would be no problem with the transaction.
Lots of crimes are actually caught by adult versions of citizen “hall monitors.” They make it their business to investigate things when something looks fraudulent or when it looks like the public/innocent people would be damaged by the behavior in question.
I understand the desire of people to keep certain things private, but they can use LLCs or other vehicles to mask their names, just like Brian pointed out.
Real estate is a big part of our economy, and each transaction has the potential to have ramifications for people outside of the transaction (comps, property tax issues, or fraud that requires taxpayer bailouts!). It’s imperative that transactions are a matter of public record.
February 19, 2010 at 2:26 AM #515433CA renterParticipantWithout full transparency and accountability, healthy capitalism cannot exist.
IMHO, **all** large transactions should be a matter of public record.
If this was an inter-family transaction (or seller-funded loan, etc.), then the record should show that, and there would be no problem with the transaction.
Lots of crimes are actually caught by adult versions of citizen “hall monitors.” They make it their business to investigate things when something looks fraudulent or when it looks like the public/innocent people would be damaged by the behavior in question.
I understand the desire of people to keep certain things private, but they can use LLCs or other vehicles to mask their names, just like Brian pointed out.
Real estate is a big part of our economy, and each transaction has the potential to have ramifications for people outside of the transaction (comps, property tax issues, or fraud that requires taxpayer bailouts!). It’s imperative that transactions are a matter of public record.
February 19, 2010 at 2:26 AM #515523CA renterParticipantWithout full transparency and accountability, healthy capitalism cannot exist.
IMHO, **all** large transactions should be a matter of public record.
If this was an inter-family transaction (or seller-funded loan, etc.), then the record should show that, and there would be no problem with the transaction.
Lots of crimes are actually caught by adult versions of citizen “hall monitors.” They make it their business to investigate things when something looks fraudulent or when it looks like the public/innocent people would be damaged by the behavior in question.
I understand the desire of people to keep certain things private, but they can use LLCs or other vehicles to mask their names, just like Brian pointed out.
Real estate is a big part of our economy, and each transaction has the potential to have ramifications for people outside of the transaction (comps, property tax issues, or fraud that requires taxpayer bailouts!). It’s imperative that transactions are a matter of public record.
February 19, 2010 at 2:26 AM #515770CA renterParticipantWithout full transparency and accountability, healthy capitalism cannot exist.
IMHO, **all** large transactions should be a matter of public record.
If this was an inter-family transaction (or seller-funded loan, etc.), then the record should show that, and there would be no problem with the transaction.
Lots of crimes are actually caught by adult versions of citizen “hall monitors.” They make it their business to investigate things when something looks fraudulent or when it looks like the public/innocent people would be damaged by the behavior in question.
I understand the desire of people to keep certain things private, but they can use LLCs or other vehicles to mask their names, just like Brian pointed out.
Real estate is a big part of our economy, and each transaction has the potential to have ramifications for people outside of the transaction (comps, property tax issues, or fraud that requires taxpayer bailouts!). It’s imperative that transactions are a matter of public record.
February 19, 2010 at 7:06 AM #514882CoronitaParticipantnote to self, if I ever enter into a good deal, do the best I can to hide it from public records to peeking piggs so as to avoid a congressional testimony/tribunal on how it happened π
February 19, 2010 at 7:06 AM #515026CoronitaParticipantnote to self, if I ever enter into a good deal, do the best I can to hide it from public records to peeking piggs so as to avoid a congressional testimony/tribunal on how it happened π
February 19, 2010 at 7:06 AM #515443CoronitaParticipantnote to self, if I ever enter into a good deal, do the best I can to hide it from public records to peeking piggs so as to avoid a congressional testimony/tribunal on how it happened π
February 19, 2010 at 7:06 AM #515532CoronitaParticipantnote to self, if I ever enter into a good deal, do the best I can to hide it from public records to peeking piggs so as to avoid a congressional testimony/tribunal on how it happened π
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