Appraiser's bad info delays closing in Glacier View Meadows

By
Real Estate Agent with United Country Ponderosa Realty, Red Feather Lakes, Colorado

One appraiser doesn’t have the facts straight about Glacier View Meadows and/or the High Park Fire.

The Appraisal Management Company has been having difficulty finding an appraiser to come aaaaaaaallllllllll the way up to Glacier View Meadows and they have been misinformed by one appraiser as to the condition of most of the subdivision, too.

 

 ALLLLLLLLLLLLLL the way up here is only 40 minutes away from Fort Collins.  Even on a good traffic day, it can easily take 30 minutes to get from one side of Fort Collins to the other and that’s without the train!  So Glacier View Meadows is really not that far, maybe 10 more minutes?

 

The appraisal order was being rejected due to “evacuations and fires in the area”….Yet, all evacuations for  Filings 1-11* were lifted on June 27 and the fire was 100% contained by July 1st.

 

*Unfortunately, our 12th filing was where the major damage was done.

 

The Appraisal Management Company was  also told by this appraiser that “multiple law enforcement agencys (sic) are patrolling the subdivision (to prevent looting) as many homes are not habitable or lack electrical service (power lines damaged in fire.) …and that nonresidents must obtain authorization for entry”

This is simply not true for the remaining 11 filings in Glacier View Meadows!

 

DEAR   NUMBNUT  MISINFORMED   APPRAISER,

FYI:  THERE ARE 11 (ELEVEN!) OTHER FILINGS IN GLACIER VIEW MEADOWS.  THOSE 11 ARE NOT PART OF THE BURN AREA;     LOOK AT A MAP!

 

!!  15 Homes have Sold since January 1, 2012 in Glacier View Meadows.   Only one was in the 12th filing.

(The appraiser also reported that some potential comparable sales have burned down….”   Again, not true.)

 

!!  There are 41 Current Active Residential Listings with 2 sales pending (and I know one needs an appraisal!)

 

!!  5 homes that were active listings in the 12th filing have been withdrawn from the market.

 

It’s disappointing that the buyers and sellers have to wait another week, and their closing date must be delayed because of a completely misinformed appraiser/Appraisal Management Company.  

These folks deserve better!

~

 

I’ve been watching a nest of barn swallows that made their home in an eave near our office.  The mom and dad are very busy; watching over the nest and finding food for 6 little hungry babies every day.   It’s non-stop work and it must be exhausting.  The baby’s beaks are wide open each time mom or dad arrive at the nest, “FEED me!”  “feed ME!”   “What about ME?”

 

Everybody wants something!  Today, I just want an appraisal!

 

 

259 homes were lost in the High Park Fire- the fire consumed 87,284 acres and recent rains caused mudslides and road closures in some areas.  I know that this appraisal issue seems insignificant in light of those who have lost so much, but for these buyers and sellers it is significant.  We expect appraisers to have geographic competence and that’s not an unreasonable expectation.

 

************************************************

“A Day in the Mountains will always soothe your city soul”

 

Mary Douglas, your Mountain Broker-Associate and REALTOR®

United Country Ponderosa Realty, Red Feather Lakes, CO

 www.marydouglas-redfeatherlakes.net

800-531-2195

 

I specialize in the Red Feather Lakes area, Fox Acres, Crystal Lakes and Glacier View Meadows Subdivisions, if you are interested in buying or selling your mountain home, please give me a call, I’m here to help you.

The information contained in Mary’s blog is deemed reliable but is not guaranteed and the opinions and views expressed in these articles are solely those of the author.

I write about my area in Colorado; Law, Custom & Procedure vary from State to State and even within the State.

REAL ESTATE IS LOCAL.  Always consult with your LOCAL Real Estate Professional. 

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Website: www.marydouglas-redfeatherlakes.net

 

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Comments (16)

Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Denver Broker / Author / Advocate/Short Sale

This is a sad situation, Mary.  We feel for you as you and other brokers, homeowners, and buyers try to get through this disaster.  Appraisers are starting to be a pain, again ... with the changing market conditions, let alone what you have to deal with up there!  Best wishes!!

Jul 12, 2012 12:55 AM
Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi Mary,

Here in California, 40 minutes is nothing for to get anywhere due to distance and traffic especially into the mountains. I think it would have been appropriate for appraiser to call and discuss this with you. I know usually they do not call the listing agent unless they have questions and this would have been a good reason. Perhaps they should call another appraiser.

Mary, love the bird pictures and the yellow beaks are so cute!!!!!

Jul 12, 2012 01:00 AM
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Thanks Dan, some appraisers are being a pain- we have another one who refused to go back up to a cabin in Red Feather to verify that it's still there---this cabin was far far far from the fire- yet on his first trip he made it sound like it was in eminent danger..after lying that the road was closed and he couldn't make it there at all... thanks for the Best wishes, I think we need them!

 

Kristin, I can imagine that 40 minutes is nothing in your area and  I agree, I definitely think a call was in order.  Thanks, I love those little birds, they've been a lot of fun to watch!

 

Jul 12, 2012 01:22 AM
Randi Brammer
Randi Brammer, Acctg. - Hinckley, MN
Accountant & Tax Preparer

I hear many agents complaining about the bad info that comes in on appraisels.

Jul 12, 2012 01:26 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

That is just too bad, Mary.  As if it is not difficult enough these guys have to make it way more difficult.  Grrr...

Jul 12, 2012 02:22 AM
Sharon Lee
Sharon Lee's Virtual Assistance - Jonesborough, TN
Retired and loving life

Hi Mary-I am sorry to hear that you have this problem with appraisers especially with everything else you have had to deal with.  You would think they would get their facts straight. Very incompetent.

Jul 12, 2012 02:37 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Mary...here in Florida we have issues with the appraisal process as well. I can feel for you.

Jul 12, 2012 03:06 AM
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Randi, that is true, and we only hear about the bad ones...Thanks!

 

Thanks Jane, I agree....grrrrrrrrrr  :-]

 

Hi Sharon, you would think s/he would get the facts straight instead of assuming they know what's going on!  Thanks Sharon!

 

Thank you Jeffrey, I'm sure it's not an isolated incident- good luck to you with your appraisals.

 

 

 

Jul 12, 2012 03:22 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Mary do these appraisers TALK to you about current status????! You don't live on the moon, and things change all the time.... Wow, hope this gets resolved.

Jul 12, 2012 05:13 AM
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

That's funny Gary, because yesterday when I was throwing my "temper tantrum" about this I said,  "it's not like we live on another planet"!  Thanks for echoing my sentiment exactly.  I believe this one is resolved now, but I will be keeping my eye out for the next one...now that we know, everyone else on the mountain will, too. 

Jul 12, 2012 05:36 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Mary

Most appraisal management companies our out of step with the real estate market and have taken appraisal process out of the hands of the local experts.

Good luck and success.

Lou Ludwig

Jul 12, 2012 06:49 AM
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Lou, you're right, I would like to see our local experts back again...thanks for your thought on it, I appreciate it.

Jul 12, 2012 12:06 PM
Phil Leng
Retired - Kirkland, WA
Phil Leng - Retired

Hi Mary,

$550 dollars, and they can't even look up the address on Google to see where it is?

I fight mis information on appraisers value almost every month.

But to not even drive over and take a look at the property?

Wow!!!

Phil

Jul 12, 2012 08:47 PM
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Hi Mary!  It is unfortunate, but with some lenders and appraisers you have to act like one of your baby birds that you have pictured.  You just have to squawk and cheep in a loud pitch until they give in!  How unprofessional that they are not informed to provide the service they were hired for in a timely manner.  Shame on them to bring out the CRANKY MARY that we haven't seen in a long time!  ^_~

Jul 15, 2012 11:34 PM
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Phil, I agree, it's pretty unbelievable - no map looking, no phone calling, no driving....and no appraisal! Thanks for your thoughts on it, Phil, I appreciate it.

 

Hi Bruce, oh yeah - that's me on the left squawking and cheeping! LOL  It really is unfortunate when Cranky Mary shows up too- but sometimes, it's necessary.  Shame on them! ;-]   Thank you Bruce, I always like to hear what you have to say!

Jul 16, 2012 12:22 AM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Hi Mary, This must be incredibly frustrating!  Appraisals in, and of themselves can be frustrating, but not being able to get the appraiser out to the property must be terrible.  Thanks for getting the correct information out to us.

Jul 17, 2012 02:07 AM

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