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appraiser was willing to build an appraisal out of a deck of playing cards…. because these new comps are NEW CONSTRUCTION.

Now, lets not even get into the discussion about w

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Now, to be fair…. there was some seller paid closing costs (just under 3%). But, the contract was below the list price of $232,000!

Typical deal. Realtor writes up contract close to list price with seller paids. All is good in approval land until the appraisal comes in really low. Then, yep, you guessed it, the listing agent calls me to tell me they have another appraiser who will be able to come in higher. They found some comps that were priced higher. Seems that the builder in town is putting out some killer incentives and driving down the existing sales market for the time being…. But they really feel like the property supports the higher price as it has upgrades itself.

But, it seems that this appraiser was willing to build an appraisal out of a deck of playing cards…. because these new comps are NEW CONSTRUCTION.

Now, lets not even get into the discussion about wh

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close to list price with seller paids. All is good in approval land until the appraisal comes in really low. Then, yep, you guessed it, the listing agent calls me to tell me they have another appraiser who will be able to come in higher. They found some comps that were priced higher. Seems that the builder in town is putting out some killer incentives and driving down the existing sales market for the time being…. But they really feel like the property supports the higher price as it has upgrades itself.

But, it seems that this appraiser was willing to build an appraisal out of a deck of playing cards…. because these new comps are NEW CONSTRUCTION.

Now, lets not even get into the discussion about w

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have another appraiser who will be able to come in higher. They found some comps that were priced higher. Seems that the builder in town is putting out some killer incentives and driving down the existing sales market for the time being…. But they really feel like the property supports the higher price as it has upgrades itself.

But, it seems that this appraiser was willing to build an appraisal out of a deck of playing cards…. because these new comps are NEW CONSTRUCTION.

Now, lets not even get into the discussion about w

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riving down the existing sales market for the time being…. But they really feel like the property supports the higher price as it has upgrades itself.

But, it seems that this appraiser was willing to build an appraisal out of a deck of playing cards…. because these new comps are NEW CONSTRUCTION.

Now, lets not even get into the discussion about w

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appraiser was willing to build an appraisal out of a deck of playing cards…. because these new comps are NEW CONSTRUCTION.

Now, lets not even get into the discussion about why you can’t use new construction for an appraisal comp on existing sales. I am sure that Meg Stewart can discuss all the ins and outs of that. But for ANY Realtor, regardless of which side of the transaction you are on, to suggest that we ‘need a new appraiser’ is absolutely ridiculous.

I blogged about this a while back, Don’t Be That Realtor
actually got all of 3 comments (one of them was my own comment). It seems that either this topic is a sore subject… or maybe it is just so darn ridiculous that no one thinks it is necessary to mention. But it seems that it IS worthy of mention…. Because it keeps happening!

My first notice of this was when the appraiser left me a message. 30 minutes later I

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