appraisers evaluation questions

Actual value, replacement cost and market value will be three different numbers. In many cases very different.

Understood Doug. Excellent point.

Rollnhome wrote:
Would you trust an insurance appraisers valuation of your motor home if, after giving them the year, make, and model, they came back and asked the length, number of slides, and if it had a diesel or regular engine?

Call a number of RV dealers and just state Year/Make/Model of your RV and ask what it is worth. You will get a LOT of questions about what it is and has and THEY ARE EXPERTS. Doug

crasster wrote:
Yeah, they'll get the overall condition and reference NADA. It's actually pretty accurate in most cases.

Yes, they will most likely look up the NADA value, but I'm not sure that 'accurate' is the right way do describe it. 'Define' may be a better term, for the NADA value is calculated based on a depreciation formula -- it's not the market value in the way the Blue Book is for cars (too few motorhomes).

They could be completely clueless when it comes to campers. They may have popped the info into their system or NADA and didn't get that info and didn't feel like looking it up. They also may have a policy of asking the owner to double check due to error in a database, online search or adjuster's assumption in the past.

Either way, it doesn't really matter. If the appraisal comes back way off, you have to fight it at that point regardless.

Yeah, they'll get the overall condition and reference NADA. It's actually pretty accurate in most cases.

kalynzoo wrote:
Your assumption is that the appraiser is an expert. The appraiser will search the NADA or some other reference text for valuation. He/she just needs you to fill in all the blank spaces so that the computer will print out a value.

Your most likely right. 20 minutes of input then push enter. They probably never been inside an RV.

Your assumption is that the appraiser is an expert. The appraiser will search the NADA or some other reference text for valuation. He/she just needs you to fill in all the blank spaces so that the computer will print out a value.

The reason I ask is doesn't the year make and model answer all these questions. If the appraiser was an expert or learned at his profession why would there be a need to ask such questions? Then calling it a regular engine?

:h