- Jan 16, 2002
- Professional Status
- Certified Residential Appraiser
Received a call today from a lady asking for an appraisal on a property she is considering buying, and of course "time is of the essence"....I politely told her I couldn't help her out for at least 2 weeks, maybe 3 weeks. She said she was afraid to make an offer until she got an appraisal because she doesn't want to pay too much. The Realtor told her (who represents both the buyer and seller) if she wanted to call an appraiser, o.k., but the appraiser's report doesn't indicate market value. He said the appraiser's job was just to provide something for the lender's file so the buyer could get a mortgage and that the sale price and appraised value are usually the same. :roll: The property is listed for almost $500,000 and the Realtor told the lady she'd better hurry up and sign a contract if she wanted the property. I'm almost tempted to call her back and do the appraisal tomorrow. How much do you want to bet the property's appraised value will not make the Realtor happy? .... I'm a Realtor and an Appraiser, and am disgusted with stories I hear about these Realtors.