Appraisal Nation

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The appraiser that this company set up to appraise the condo my son was going to buy, made us almost lose the contract. There were the exact same condo's in that area selling for $85,000-92,000. The asking price of the condo was 85,000, which was a fair price. The appraiser came back at $70,000!!! This condo was taken down to the studs 3 years ago.. put In new electrical, paint, carpet! The other condo's that were selling at the 85-92 price range were in worse shape. When our financial advisor contacted the company, they went back and forth with us and the end result (After submitting ANOTHER condo that closed THAT WEEK at 85,000) was that we could have the SAME appraiser go out and do another one... IF We paid over $300 more!!! The only explanation the appraiser would give is that the $92,000 Condo had a deck... so the old worn deck was worth $22,000???? Again, this company said it was the appraisers opinion. This company agreed the appraiser was being unfair... yet still screwed my son over.

I wish I had a better review to give. My son has had to get an extension on the contract, which pushes us out over 3 weeks.. (He is getting married in 4). He has lost the ability to get a loan that helps with closing and down payment (Because in order to get a correct appraisal, we have have to switch lenders.) So now my 22 year old son is having to pay for college next semester and come up with $3000.

If you do decide to use this company... request they don't give you Travis White... He was horrible to work with and really screwed us over. I hope the other appraisers are better and a little more fair. It is hard enough to win a bid on a house.. to have to deal with this is ridiculous!!!!