2,781,173
Apprasier had some free-time on their hands....
-
Olga Simoncelli
New Fairfield, CT
-
Debe Maxwell, CRS
Charlotte, NC
-
Steffy Hristova
Tempe, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Mimi Foster
Colorado Springs, CO
-
Michael Jacobs
Pasadena, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
5,104,931
Not on a conventional mortgage appraisal... VA and FHA you will see conditions but they are not voluntary for completion.
-
Steve Higgins
Kelowna, BC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Mimi Foster
Colorado Springs, CO
-
Peter Testa
Danbury, CT
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Richard Weeks
Dallas, TX
-
Nina Hollander, Broker
Charlotte, NC
1,622,432
FHA appraiser?
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Mimi Foster
Colorado Springs, CO
-
Peter Testa
Danbury, CT
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
6,393,609
Once written down, it is hard to take them back, hopefully the underwriters will see through to the important points.
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Diana Dahlberg
Pleasant Prairie, WI
-
Bob Crane
Stevens Point, WI
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
679,404
Well that's a new one for me. I have never seen this before. Q. What did the Lender say? Keep us posted. Thanks Mimi Foster
-
Peter Testa
Danbury, CT
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Mimi Foster
Colorado Springs, CO
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
4,572,183
What does the lender say?
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Doug Dawes
Topsfield, MA
-
Richard Weeks
Dallas, TX
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Steve Higgins
Kelowna, BC
-
Mimi Foster
Colorado Springs, CO
1,844,301
More power demanded from the underwriter! This is truly ridiculous. What shape is this house in?
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Diana Dahlberg
Pleasant Prairie, WI
-
Mimi Foster
Colorado Springs, CO
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
1,153,794
They don't teach that one at school or at least I hope not.
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Mimi Foster
Colorado Springs, CO
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
3,854,909
Where did the lender come from and even more important where did the appraiser come from? Is it possible that the buyer or buyer's agent had contact with the appraiser? What kind of loan was this?
Oh to answer you question... NO!
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Mimi Foster
Colorado Springs, CO
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,049,450
That's a new one for me - sounds ominous! Wonder what the underwriter will say?
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Mimi Foster
Colorado Springs, CO
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
469,510
No and I hope I do not. I don't like having any conditions - a list ohhhhhhnnnnooooooooo! Have a terrific weekend.
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Mimi Foster
Colorado Springs, CO
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
2,390,620
I get it unless it's a VA or FHA loan Mimi Foster .
-
Steve Higgins
Kelowna, BC
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Peter Testa
Danbury, CT
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,583,278
that's absurd.... tenant and buyer should have been notified to leave the home during the appraisal.... listing agent there to accompany... sounds like a free for all....
-
Margaret Rome Baltimor...
Pikesville, MD
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
805,909
Interesting! No I have never seen this before.
-
Peter Testa
Danbury, CT
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
-
Mimi Foster
Colorado Springs, CO
1,196,798
Since when do appraisers make a suggested repairs list? Just write the appraisal as the property sits
-
Steve Higgins
Kelowna, BC
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
1,197,152
Never seen it but there is always a first , it seem lots of first these days.
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
556,536
The lender needs to know if this appraiser is a licensed home inpector or not. The appraiser has stepped outside of their field of expertise and their opinion in that regard is just opinion and not fact.
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Diana Dahlberg
Pleasant Prairie, WI
-
Candice A. Donofrio
Fort Mohave, AZ
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
4,882,355
I've never seen that. Hopefully one of our lender member will comment.
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
2,436,099
No, I haven't seen this. Let us know how this turns out once underwriting is done!
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Diana Dahlberg
Pleasant Prairie, WI
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
2,220,654
Fortunately, I have not.
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Anthony Acosta - ALLAT...
Atlanta, GA
427,257
I heard of a buyer that had their lender do something very similar. It is being bought from the estate by one of the children and that buyer's lender made all of these stipulations about required repairs. I was not privy to the appraisal, but heard about the lender's requirements.
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Diana Dahlberg
Pleasant Prairie, WI
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,772,575
Mimi,
Never a dull moment in this business. A
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Steve Higgins
Kelowna, BC
-
Michael Jacobs
Pasadena, CA
-
Mimi Foster
Colorado Springs, CO
711,852
Wow! I have not seen such a thing - at least not with a conventional loan. This wasn't an FHA loan, was it? The appraiser is not a home inspector. They do sometimes point out obvious issues (i.e. a roof that visibly needs repair) which can impact the value of the home, but not a long list which would be something the home inspector should generate.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
1,725,996
Seems like an appraiser wishing he was a home inspector instead.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
758,035
Nina Hollander Inna Ivchenko Bob "RealMan" Timm & Scott Godzyk all have your answer - it's an FHA Appraisal- those guys treat it like a property inspection, that's why you advise your clients to choose the buyer carefully, based on their financing, when there are condition issues. I've seen FHA Appraisers write up tiny nail holes in the wall (from picture frames), floors that are a little worn & need finishing, ridiculous stuff... it's government backed so it's going to come with red tape Mimi Foster
-
Steve Higgins
Kelowna, BC
-
Bob "RealMan" Timm
Minot, ND
-
Mimi Foster
Colorado Springs, CO
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
1,052,211
I came back and forth to ponder this LOL yes sometimes I ponder. 🧠🤔😜
All I can say is, somebody had too much coffee writing that report.
IF it appears that the appraiser was influenced by the tenant following him around to point things out, I might be inclined to challenge that appraisal.
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
5,216,409
Was it an appraisal or someone seeking business as a home inspector?
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
3,416,038
If it is not a FHA or VA loan, then it is appraiser over reach. I would call them and let them know the mess they made
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Nina Hollander, Broker
Charlotte, NC
-
Peter Testa
Danbury, CT
-
Candice A. Donofrio
Fort Mohave, AZ
7,836,139
Good luck!
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
1,712,676
Since I only do new construction I am blessed not to see this.
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
961,383
There is always something new in real estate. Is the appraiser trying to CYA and reduce his liability? "Huh" is a great comment on the appraisers statement.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Mimi Foster
Colorado Springs, CO
-
Diana Dahlberg
Pleasant Prairie, WI
5,230,113
It's something that they typically say when they find items that they feel may need to be repaired. However, if the lender is concerned (which they shouldn't be), they can ask the appraiser to strike the comment.
They do this to let the lender know that THEY, as appraisers, are not requiring any repairs (as they often do with FHA & VA) and THINK they're letting the lender off the hook by saying to determine "which, if any..." repairs will be required prior to Closing.
What upsets me is when an overzealouos underwriter gets ahold of the laundry list and DOES require them ALL to be done AND the appraiser has to go back to confirm the repairs before Closing can occur!
If I were the lender, I would have that sticken from the report before it hits the underwriter's desk!
-
Peter Testa
Danbury, CT
-
Steve Higgins
Kelowna, BC
-
Bob "RealMan" Timm
Minot, ND
1,502,998
This I have not seen before.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
660,906
I see sometimes conditions appraisers put, but they have to be corrected for the lender to fund the loan. Not seen anyhting which is an advisory. I see more of the advisory language on home inspection reports.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
3,345,091
I have not. Has the appraiser over-stepped - are the comments outside of the appraiser's appraisal guidelines. Undue influence? The tenant who is the buyer present when the appraisal took place? Hum, was there an exchange of cash under the table during said appraisal? One does have to wonder or ponder, just ask Michael Jacobs
-
Michael Jacobs
Pasadena, CA
4,936,705
312,495
A buyer of mine sent the inspection report to the underwriter, even though I specifically asked her not to do it. Not the appraisal - the inspection. That was quite a mess to untangle.
900,128
1,311,397
Will the lender make the loan without insisting that the appraisers list of repairs be addressed? I fear this appraiser just may have killed this deal.