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the appraiser did not do his do justice

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Icon Mini Profile rgdog2ecwh





Joined: 28 Sep 2010

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Post Posted: Tue Sep 28, 2010 3:34 pm    Post subject: the appraiser did not do his do justice
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the appraiser did not do his do justice in picking comparables to my property , he used a short sale property , he was a certified appraiser that a trainee could do a better job
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10460
Location: Nevada
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Post Posted: Tue Sep 28, 2010 8:48 pm    Post subject:
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Hi rgdog2ecwh,

You should contact the appraiser once again and ask him to re-appraise your property using proper comparables. This will help you in getting proper evaluation for your property.

Thanks
Icon Mini Profile apexoffice
apexoffice
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Joined: 09 Jul 2008

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Location: Atlanta, GA
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Post Posted: Wed Sep 29, 2010 9:09 am    Post subject:
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In some cases, a short sale may be the most appropriate comparable sale; a) if the property was marketed properly; and b) if no other sufficient comparable sales exist in the neighborhood within reasonable timeframes.

There is a rebuttal process which you can provide additional sales that you are aware to the appraiser for review and possible reconsideration of value. Each lender may be slightly different in their process so ask your loan officer or processor.

Do not, as James suggested, contact the appraiser unless you hired the appraiser and this appraisal was for personal reasons. If the appraisal was completed for a lender, the appraiser is not allowed to discuss any details of the appraisal with you.

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Benjamin Smith
Atlanta Area Appraiser
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