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Updated over 12 years ago on . Most recent reply

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3
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Adam M
  • Burbank, CA
0
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3
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Request another Appraiser ?

Adam M
  • Burbank, CA
Posted

I am working on purchasing a property in Souther California where we have reached the appraisal portion of deal.

A few days ago the appraiser - 3rd party person contracted by the bank - contacted me with the intentions of setting up an appointment to inspect the property. The appraiser was extremely rude, arrogant, and seemed like an unpleasant person. Personally, I did not appreciate his tone of voice, and he came off as if he was doing me a favor by conducting the inspection.

I have a specific number that I would like the property to be valued at, so I can qualify for a conventional loan.

Now, some might argue that the property appraising low gives me leverage to negotiate, but lets set that aside, because I'm not going to get a better deal.

So, I'm curious, are appraisals done strictly on objective figures, or does it entail a subjective portion that will bear weight on the final value? I ask, because I am considering requesting another appraiser, but I'm not sure how much, that would matter, if at all.

Can some people shed some light, possibly giving a bit of insight.

Thanks in advance

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