Code Jennings
Freshman Member
- Joined
- Apr 12, 2007
- Professional Status
- Appraiser Trainee
- State
- Arizona
Scenario....we provided a solid, reliable appraisal to our client that complied with all their assignment conditions such as asking for two listing comps and at least one extra sold comparable. Today we are notified by our client that a review appraiser from ANOTHER STATE who happens to be licensed in our state reduced the value significantly. He did a desk review and only used two comps to determine his value. Both of his supplemental sales were distressed sales that we originally researched. After talking with the agents of both properties and getting the details of the transaction we decided not to use them because they were unreliable. Now our client wants a rebuttal letter from us stating our case and basically disputing the review appraiser's value.
This takes time and effort and is really just a huge pain. My question....do you charge for the rebuttal letter? We shouldn't have to do this but not only do we have to defend our product, we have to defend our reputation that we have worked so hard to develop with all our clients. Frustrating, very frustrating m2:
This takes time and effort and is really just a huge pain. My question....do you charge for the rebuttal letter? We shouldn't have to do this but not only do we have to defend our product, we have to defend our reputation that we have worked so hard to develop with all our clients. Frustrating, very frustrating m2: