Quote:
Originally Posted by MidValleyDad
This surprised me. The last time we bought a house (admittedly a few years ago) The selling agent asked our agent to be at the house to 'assist' the appraiser in determining a 'good value' Our agent (very well known in the area and one of the ones that would sit on arbitration boards) looked over at the selling agent and said 'Jack you know full well that could only hurt the value. I don't know what you are worried about.' She later told us that most appraisers in our area would not evaluate a property if either agent or the buyer were present. There were a lot of agents moving into our ex-urb area from the Nearby major Metro area who would show up with binders of comps and manufacturers 'expected remaining life of mechanical systems' documents. One appraiser was known to thank the agent for the document then take a dozen pages out of it twist them into a candle and light them to see if the fireplace flue drew well. He would then tell them to 'Get the Hell off the property and let him do his job'
Maybe the concept of the independent appraisal went out the window during the real estate bubble that burst a few years back
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No, you just tripped over some BS.
I would not go to an appraisal as the independence of the appraiser is paramount. I don't want to be perceived as a jerk or a crook, and interfering with an appraiser is a good way to earn that perception.
IF the appraiser asks for access or information, however, I turn myself inside out to deliver. I have driven to appraisal offices to drop files when asked for information.
A current post asks who has it better, agents or loan officers.
Dang sure, I wouldn't want to be an appraiser. Talk about having abuse heaped on you.