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<p>[QUOTE="Paddy54, post: 3433004, member: 19250"]You know what would be interesting if TPG were held like other appraisers are for mistakes.</p><p>I have a friend who does real estate appraisals, Bob told me think this is an easy job well it is when you go into a neighborhood to do an appraisal with good comps.</p><p>However as an example lets say you're doing a appraisal that is on a farm a couple hundred acres on water front and the water frontage is 1000 feet.</p><p>Or a commercial property where the structure isn't in good shape but the land is worth a lot more,because of location is worth big money.</p><p>One needs to find comps as close to real value as possible.</p><p>Finding another farm with that much water frontage could be next to impossible!</p><p>Due to no other comps to compare.</p><p>Back to the commercial property as the old building taken down and a 10 story building built which would increase the value 10 fold!</p><p>And guess what if he does not get his appraisal correct he can or could be sued for the difference.</p><p>Sound fair? Well he was paid a fee for doing his work....and he got it wrong....so is he accountable?</p><p>Why shouldn't TPG be held to the same standard?</p><p>And liable for any damages or loss.[/QUOTE]</p><p><br /></p>
[QUOTE="Paddy54, post: 3433004, member: 19250"]You know what would be interesting if TPG were held like other appraisers are for mistakes. I have a friend who does real estate appraisals, Bob told me think this is an easy job well it is when you go into a neighborhood to do an appraisal with good comps. However as an example lets say you're doing a appraisal that is on a farm a couple hundred acres on water front and the water frontage is 1000 feet. Or a commercial property where the structure isn't in good shape but the land is worth a lot more,because of location is worth big money. One needs to find comps as close to real value as possible. Finding another farm with that much water frontage could be next to impossible! Due to no other comps to compare. Back to the commercial property as the old building taken down and a 10 story building built which would increase the value 10 fold! And guess what if he does not get his appraisal correct he can or could be sued for the difference. Sound fair? Well he was paid a fee for doing his work....and he got it wrong....so is he accountable? Why shouldn't TPG be held to the same standard? And liable for any damages or loss.[/QUOTE]
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