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What Can You Do to Ensure an Accurate Appraisal of Your Charlotte Real Estate?
These days, in our area, the most questioned aspect of the real estate transaction is no longer, “Will the buyer qualify for the loan?” but, rather, “What about the appraisal?”  With 3 ‘bad’ appraisals under my belt during the past year, I have grown extremely weary of that phone call from the appraiser to schedule their appraisal!
Let me first clarify that 2 of the 3 ‘bad’ appraisals were reversed after providing the SAME comparables that were presented to the appraiser at the home.  The management companies requested that the appraiser review, providing them with the information that I’m assuming they actually LOOKED at this time, and the proper adjustments were made.
Secondly, when an appraiser phones in our area to MEET us at the home, this means that the appraiser does not hold a key to our Supra boxes, meaning, for the most part, that they are from far away.  Something has GOT to be done about this.  One of the low-ball appraisals included erroneous information as well as use of comparables from outside the standard distance from a subject property.  As well, they included properties from subdivisions that had comparably SIZED homes but, in completely different communities (ie vinyl ... more

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