I am so completely angry at the level of incompetence of this "appraisal" company that it has compelled me to write my first ever review. Natalie G's review is spot on, except we were doing a refinance, and because of the low appraisal, it will cost us thousands of dollars out of pocket.
I wish I had done the research before shelling out the absurd appraisal fee ($875) for this appraiser. We submitted a reconsideration but he REFUSED to look at any of the comps located in our unit's area and chose all 6 comps 0.25 miles away and north from ours, even with some close dates pushing 6 months! When provided with three comps closed nearby in Feb 2016, he had lame ass excuses:
"high gross and located in an alley off a busy street with commercial locations surrounding the
property"
"superior exterior fenestration and vaulted ceiling on the third story"
Um, one of his comps is NEXT TO a commercial building, off highway 99, and our unit also has vaulted ceilings! Also, he lied and exaggerated saying the third comp was 0.8 miles away. However, on the grid he lists his own comps as 0.39 miles NW! LIES.
He did not want to be made to look incompetent which is why he wouldn't man up and actually look at concrete facts. One block is all the difference in terms of selling price. You know that saying "location, location, location!" Well, it means nothing to this guy. Thanks for nothing, jerk. I want my $875 back.
If your bank chooses to use this company, run for the freakin' hills. Change your lender, request a different appraisal company, do anything! Because that will probably be cheaper than dealing with the $$$ his stupid appraisals will cost you. read more