Travis McGee
Senior Member
- Joined
- Sep 18, 2004
Came in $4,000 lower than the contract price on a recent appraisal. This was a fairly easy one. It was clear from all the available comps that the contract price was a little high. Realtor calls today and says I should have called her and given her a heads up and allowed her to tell me about the special features the house has that would have increased the value (all of which I noted during the inspection and the comps have similar stuff). She said that all the other appraisers do that.........so I started to wonder......do all the other appraisers do that........so I thought I'd ask. How many of ya'll call the realtor when the value is low?
This lady wasn't having a very good day....I recently did another appraisal which she was the listing agent on. Got a call from the loan officer....they wanted me to do a final inspection. This was a new construction that had been used for several months as model home. It was appraised "as is". Nothing to inspect. No changes have been made. I tried to explain this to the loan officer. After checking with the underwriter twice they decided they wanted me to do the final inspection anyway. I told him they were wasting there money but I'd do it. So later the realtor, who only about an hour before was ticked off at me calls me about this. At first I think she was thinking this was my fault too but I explained that we were on the same page on this one. She tried to convince the mortgage company it was ridiculous for me to do a final inspection but was unsuccessful. So tomorrow I'll make a few easy bucks.
I could add a couple of more things that make me think this would have been a good day not to answer the phone.
This lady wasn't having a very good day....I recently did another appraisal which she was the listing agent on. Got a call from the loan officer....they wanted me to do a final inspection. This was a new construction that had been used for several months as model home. It was appraised "as is". Nothing to inspect. No changes have been made. I tried to explain this to the loan officer. After checking with the underwriter twice they decided they wanted me to do the final inspection anyway. I told him they were wasting there money but I'd do it. So later the realtor, who only about an hour before was ticked off at me calls me about this. At first I think she was thinking this was my fault too but I explained that we were on the same page on this one. She tried to convince the mortgage company it was ridiculous for me to do a final inspection but was unsuccessful. So tomorrow I'll make a few easy bucks.
I could add a couple of more things that make me think this would have been a good day not to answer the phone.