GoFuckYourself.com - Adult Webmaster Forum - View Single Post - just got the appraisal back from the house im buying and it came in low by 10k

Gaybucks · 05-18-2006, 01:27 PM

I just went through this with the house I bought.

Most everybody in the entire real estate industry - loan processors/brokers, appraisers, agents in particular, are incredibly lazy and grossly overpaid.

Have your agent do some comparables for you. If s/he is competent, that should give you a good idea of whether the appraiser is in the ballpark or way off. My guess is screwing up the lot size is an indication that the appraiser was sloppy all the way through (that info is in the real estate listing which he shoudl have had)

Also, if the appraiser isn't very familiar with the specific area, he may have no idea about comparables. You can ask for another appraisal, but you'll have to pay for it, and if it's way off from the first one, the bank might request a third one.

Bottom line, though... if the appraisal is low and a second one also comes in low, the *seller* not you, should eat the difference. If you're otherwise a strong qualified buyer, the seller would be an idiot not to lower his price because the market is soft and buyers aren't lining up at people's doors to buy.

05-18-2006, 01:27 PM
Gaybucks Confirmed User Join Date: May 2004 Location: Sacramento, CA Posts: 451	I just went through this with the house I bought. Most everybody in the entire real estate industry - loan processors/brokers, appraisers, agents in particular, are incredibly lazy and grossly overpaid. Have your agent do some comparables for you. If s/he is competent, that should give you a good idea of whether the appraiser is in the ballpark or way off. My guess is screwing up the lot size is an indication that the appraiser was sloppy all the way through (that info is in the real estate listing which he shoudl have had) Also, if the appraiser isn't very familiar with the specific area, he may have no idea about comparables. You can ask for another appraisal, but you'll have to pay for it, and if it's way off from the first one, the bank might request a third one. Bottom line, though... if the appraisal is low and a second one also comes in low, the seller not you, should eat the difference. If you're otherwise a strong qualified buyer, the seller would be an idiot not to lower his price because the market is soft and buyers aren't lining up at people's doors to buy. __________________ Gaybucks.com 100% exclusive American guys - hosted movie galleries - NATS - Boyfunk.com - Boysfeetclub.com - AJsCloset.com- SkylerDeVoss.com ICQ 272-995-402