John Meussner, #MortgageMadeEasy Walnut Creek, CA 484-680-4852 (Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)

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Rainmaker
3,212,921
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Congratulations,  John.

Jun 01, 2018 03:19 PM
Rainmaker
377,741
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We have had a few times we have won the appraisal debate. The challenge after that is for the lender's underwriter to accept the changed figure.

Jun 01, 2018 02:31 PM
Rainmaker
672,957
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

We have successfully challenged appraisals on several occasions. Never seen 100k discrepancy though. Wow!

Jun 01, 2018 02:38 PM
Rainmaker
1,204,273
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

WOW!  This I have NEVER heard of or seen.  You've found a real unicorn of an appraiser!

Jun 01, 2018 06:25 PM
Rainmaker
512,435
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Never had the appraiser change their number, we have however gotten a 2nd appraisal & that came in where we needed it to. That's great stuff right there!

Jun 01, 2018 04:52 PM
Rainmaker
903,761
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

WOW!!! Congratulations!

Jun 01, 2018 03:52 PM
Rainmaker
995,143
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have not.

Jun 01, 2018 03:48 PM
Rainmaker
1,495,710
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Yes it is rare & congratulations that they said they did anything wrong. 100K is really a mistake if you ask me.

Jun 01, 2018 02:51 PM
Ambassador
2,933,140
Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

You were sure of the value, found comps that supported the price and probably presented it in a very logical and kind way.  Great way to end the week!

Jun 01, 2018 10:21 PM
Ambassador
3,148,366
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Congratulations, John Meussner! Yes, I've had that work out for me as well but, not nearly as often of recent as the number we used to see changed.

Jun 01, 2018 09:06 PM
Rainmaker
2,754,307
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Miracle indeed.  Kudos to the appraiser for correcting. 

Jun 01, 2018 04:25 PM
Rainmaker
2,681,055
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Very good news that you close the transaction.

Jun 01, 2018 03:25 PM
Rainmaker
5,219,530
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for sharing your experience.

Jun 01, 2018 02:40 PM
Rainmaker
2,936,322
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I have had that happen, John... not often... but from time to time. 

Jun 01, 2018 02:37 PM
Rainmaker
3,048,869
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Michael Jacobs nailed this one!

Jun 02, 2018 07:55 AM
Ambassador
4,297,836
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

John Meussner - happens, Miracle? No, it is your hard work.

Jun 01, 2018 11:26 PM
Rainmaker
1,523,282
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

I have helpe appraisers with comps several times.

Jun 01, 2018 06:43 PM
Rainmaker
1,515,166
Mike Cooper, GRI
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Nice, John. That would be a miracle in my market. 

Jun 01, 2018 06:23 PM
Rainmaker
2,925,064
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

WOW that is great when they actually fix their mistakes. I had a similar appraisal 100k short that killed our deal. 

Jun 01, 2018 04:02 PM
Rainer
219,166
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Never that big of a difference. 

Jun 01, 2018 03:29 PM
Rainmaker
506,933
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Rare, but it happens. I had one admit he looked at the wrong contract when determining value and admitted it, but we still needed a second appraisal to finalize the value. 

Jun 01, 2018 03:02 PM
Ambassador
2,341,139
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    I recently got one bumped up after submitting some additional comps... but the appraiser did not admit that she was wrong. 

    Congrats on your success!

Jun 01, 2018 02:55 PM
Rainmaker
425,879
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

congrats, it is rare but have successfully challenged a couple of times myself, most of the time they seem to dig in their heels no matter how much documentation provided to show value, hope the adjustment is enough to make your transacton work.

Jun 01, 2018 02:54 PM
Rainmaker
4,830,794
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

that's happened to us in previous markets but we've not had to deal with yet in this market....

Jun 01, 2018 02:49 PM
Ambassador
1,596,508
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Nice to see things work out.

Jun 01, 2018 02:36 PM
Rainmaker
1,813,055
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

A TIDEWATER Moment 

Jun 02, 2018 03:30 PM
Rainmaker
259,428
Allie Angeloni
Long Realty - Oro Valley, AZ

Whoa! on so many levels!!  To come in that short, to have value raised, and hence admitting an error . . .  amazing John Meussner!  Personally I have never seen this - Thank heavens for doing your homework and saving this sale!  

Jun 02, 2018 12:15 PM
Rainmaker
532,688
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
RE/MAX Valencia, Stevenson Ranch, Santa Clarita

I have had reviews for about $10,000. This amount is obscene.

Jun 02, 2018 10:09 AM
Rainmaker
687,322
Richard Bazinet /MBA, CRS, ABR
WestUSA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Good job John!!

Jun 02, 2018 07:02 AM
Rainmaker
737,051
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

That has happened.

However, the stage was set for a gracious adjustment without an admission of wrong-doing. 

Jun 02, 2018 04:49 AM
Rainmaker
1,387,013
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Every once in a great while, an appraisal might be revised. Good for you- a $100K shortfall is a lot.

Jun 02, 2018 02:56 AM
Rainmaker
87,520
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

Congratulations! 

Jun 01, 2018 10:41 PM
Rainmaker
2,413,880
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

There is a guy I would use again. Mistakes dont bother me just make good

Jun 01, 2018 04:44 PM
Ambassador
2,844,456
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

no, I've never seen one admit they could have made a mistake.

Jun 01, 2018 03:59 PM
Ambassador
4,005,723
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Always good when we can be big enough to admit when we missed something.

 

Jun 01, 2018 03:10 PM
Rainmaker
382,186
PropertyMinder (AccelerAgent)
PropertyMinder, Inc. - San Jose, CA
Modern Tools for the Modern Agent

Glad to hear it's sounds like it's working out, John Meussner! - Tim 

Jun 01, 2018 03:05 PM
Rainmaker
525,189
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Comps are comps and they tell the story. 

Jun 01, 2018 02:38 PM
Rainmaker
975,928
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Great. Often it is settled with another appraisal. In our area most accepted homes prices are way way way over sold data, most buyers used to release appraisal contigiency.  To show they are serious often there are no contigiency on most offers. Seller gets to keep the deposit if borrowers can not close in 21 days.  

Jun 02, 2018 09:28 AM
Rainmaker
4,274,496
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

John

Yes, I have.  It is nice when someone can admit their mistakes. A

Jun 02, 2018 07:42 AM
Rainmaker
4,431,606
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Congratulations 

Jun 02, 2018 07:35 AM
Rainmaker
4,796,409
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It happens.

Jun 02, 2018 05:26 AM
Rainmaker
3,975,208
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

That is a first in  my book!

Jun 01, 2018 09:15 PM
Ambassador
3,896,348
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Good news. Haven't had an issue like this with an appraisal but good to know.

Jun 01, 2018 04:39 PM
Rainmaker
3,130,994
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Been some time since I won a dispute with an appraiser!

Jun 01, 2018 04:30 PM
Rainmaker
4,001,401
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

No, usually don't have troubles with a value.  Recently we did, the appraiser did not change anything, and all parties filed a complaint.

Jun 05, 2018 06:43 AM
Rainmaker
641,525
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Good job! Congratulaitons, John Meussner 

Jun 03, 2018 09:05 AM
Rainmaker
864,476
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

I have seen this John.  We had an appraiser come in $ 60,000 short despite being given comps.  He wasn't familiar with the area and the fact that certain subdivisions just sold for more.  The buyer complained and paid for a second appraisal and the second one came in $ 60,000 higher.  But, only once have I seen it.

Jun 02, 2018 01:10 PM
Rainmaker
719,271
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Well done!

Jun 02, 2018 09:28 AM