How Appraisers are getting assignments is a mystery to me these days. Appraisals are becoming the most complicated part of a real estate transaction these days. I wrote in an earlier blog, Party... Not Offer Like It's 1999, about by my Canton, Michigan listing and why my seller took a lower offer because of appraisal concerns.
Well, I received the call from the Appraiser last week to make the appointment to perform the inspection. The first things I do when I receive the call from an Appraiser these days is to check the caller I.D. Sure enough, just as I feared, the appraiser was calling from a phone that has an area code that is at least 35-45 miles away from my listing.
I am not sure how the new AMC's are assigning appraisals to Appraisers that are that far away from their subject property. Gone are the days where an Originator could call an Appraiser who knew the local market. Now, it seems to be a game or roulette, as to who and where the Appraiser will be coming from. So, now we wait and are sitting on pins and needles hoping that the Appraiser has a knowledge of this area and market.
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