What To Do If A Low Appraisal Kills Yor Deal

First….call me.

This is happening all too often.  An out-of-area or unqualified and just plain lazy appraiser comes into town and uses bank-owned and short sales as comparables with non-distressed transactions.  It’s okay if this is the case because sometimes that’s all there is.  But transaction type adjustments are most often needed.  By going one extra step many deals can avoid being vetoed by lenders and investors.

This is like using apples to compare to oranges. If you have had a low appraisal kill your deal in Tampa Bay or even in Hillsborough or Pinellas county, then please call me and get an experienced appraiser to argue against the previous low appraisal.

Here’s an additional article which recently came out in Reuters about deal-killing appraisals(ers):
http://http://www.reuters.com/article/2011/08/24/us-usa-economy-appraisals-idUSTRE77N2PM20110824

In your corner,

Jon Tipton
“Tampa’s Celebrity Home Appraiser”
813 391-6121

Related posts:

1. How to avoid Deal-Killing out of area appraisers
2. Six Excellent Reasons To Get An Appraisal
3. How to Prepare for a Home Appraisal
4. Six Things an Automated Appraisal (AVM) Won’t Tell You
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