Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Rude to give an appraiser a list of comps beforehand?
I am doing a lot of BRRR projects right now, and have been consistently dealing with extremely low appraisals. Low to the point of laughter when I show them to other agents. The subject property is always brand new remodel with nice material, and the appraisers keep picking the bottom of the barrel comps that haven't been updated in 30 years, while passing over perfectly reasonable remodeled comps right there on the list.
I go back to them after the appraisal and try to get them into include more accurate comps, but they usually just add one or two comps on and keep their crappy ones. I have an appraisal today and had the thought that maybe I could email them a list of potential comps that I have personally been in that I think are good matches. However, I don't want to be condescending--I could see that annoying them, a customer trying to tell them how to do their job.
Anyone think this is a good/bad idea?