Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Matt Mainini

Matt Mainini has started 8 posts and replied 32 times.

Post: Paying for appraisal with low confidence in appraiser?

Matt MaininiPosted
  • Rental Property Investor
  • Santa Cruz, CA
  • Posts 32
  • Votes 33

Thank you Angelo for your thoughts.  The final product was reasonable and expected, so I didn't make a fuss over it.

Post: Paying for appraisal with low confidence in appraiser?

Matt MaininiPosted
  • Rental Property Investor
  • Santa Cruz, CA
  • Posts 32
  • Votes 33

My friend and landlord of 2 years is selling her property, so we agree to split the appraisal fee and go with a guy neither of us personally know.  I no longer live in the property, but I'm familiar with it and want to purchase from her, and she would like to do seller financing.  

The issue I have is the appraiser is "done" but has not sent the report until payment is received.  One of the reasons payment wasn't "received" was that the check was lost in the washing machine.  He has delayed multiple times (frustrating), he has called me by 3 different names (mental issues?) and he has misspelled BOTH of our names on the invoice (mental issues?).  

My confidence in his work is, as you might imagine, very low at this point.  Do I go through with payment and accept the report as is? Or do I explain to him that his behavior gives me reason to caution moving forward with payment?  I have not signed any agreements, however I verbally agreed with my friend/seller to pay for half.  I will pay for half to keep our relationship intact, so I might do it simply for that reason alone, but I feel like I may be throwing away hundreds of dollars before I even send the money.