Reviews
1.01 Reviews
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Showing 1-1 of 1 reviews
Elizabeth N.
Jan 2013
Real Estate Service, Property Appraisal
We were having trouble finding an appraiser who could provide an
appraisal in less than 3 weeks and that would endanger the closing
because extension was not guaranteed by HUD. Mr Potter did the original
HUD appraisal and so we were given permission by our lender to check to
see if he could do the work any faster than 3 weeks. He promised a
timeframe for the report to the lender of about 10 days. When the
lender checked on the appointed date, Dec. 17, Mr. Potter indicated that he
had done the on site work but did not have the report done. It was then promised for
Dec. 19, which would just barely get it in in time to meet our closing
date. Instead, the report came out Dec. 28 and we were forced to ask
for another extension. That request was denied. Everything else was
ready for the lender's approval so we could close except the appraisal
report, so our failure to close on this house was entirely because of
the late appraisal. Our total wasted expense for this failed deal has been
almost $3000.
To add insult to injury, Mr. Potter quoted $350 for the appraisal, but when
my credit card statement came out it turns out he charged $450.
As appraisals go the report was thorough, but when you lose the house
because the report is late, the quality of the report is irrelevant. It
was extremely unprofessional for Mr. Potter to lie about when he could provide
the appraisal report, and also unprofessional to charge more than his verbal quote
without at least calling to explain why more was being charged.
I would not recommend this appraiser to anyone under any circumstance.
Elizabeth Nichols
appraisal in less than 3 weeks and that would endanger the closing
because extension was not guaranteed by HUD. Mr Potter did the original
HUD appraisal and so we were given permission by our lender to check to
see if he could do the work any faster than 3 weeks. He promised a
timeframe for the report to the lender of about 10 days. When the
lender checked on the appointed date, Dec. 17, Mr. Potter indicated that he
had done the on site work but did not have the report done. It was then promised for
Dec. 19, which would just barely get it in in time to meet our closing
date. Instead, the report came out Dec. 28 and we were forced to ask
for another extension. That request was denied. Everything else was
ready for the lender's approval so we could close except the appraisal
report, so our failure to close on this house was entirely because of
the late appraisal. Our total wasted expense for this failed deal has been
almost $3000.
To add insult to injury, Mr. Potter quoted $350 for the appraisal, but when
my credit card statement came out it turns out he charged $450.
As appraisals go the report was thorough, but when you lose the house
because the report is late, the quality of the report is irrelevant. It
was extremely unprofessional for Mr. Potter to lie about when he could provide
the appraisal report, and also unprofessional to charge more than his verbal quote
without at least calling to explain why more was being charged.
I would not recommend this appraiser to anyone under any circumstance.
Elizabeth Nichols
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FAQ
POTTER REAL ESTATE is currently rated 1.0 overall out of 5.
No, POTTER REAL ESTATE does not offer free project estimates.
No, POTTER REAL ESTATE does not offer eco-friendly accreditations.
No, POTTER REAL ESTATE does not offer a senior discount.
No, POTTER REAL ESTATE does not offer emergency services.
No, POTTER REAL ESTATE does not offer warranties.