Appraisal One Source

"This homeowner asked to appraise her property for potential sale and establish an asking price for a listing. An appraisal was completed and the final report contained three comparables on a grid which were all similar to the homeowner's house. One comparable across the street and two was only one block away from her house. Great Comparables! It is readily apparent that the homeowner simply did not agree with the appraised value despite three great comparables used in the report and all being within one block of her home, were the same style, and similar in square footage. It is inexplicable that the homeowner splits hairs pertaining to language and room count in the appraisal report. Her entire complaint was that she did not have a patio, and did not have seven rooms. she did have a small area classified as a patio, and di have seven rooms. The patio was minimal in value and the room count is not relevant in this case as we only make adjustments for square footage. This is typical of a homeowner who has a predetermined value in their mind when they hire an appraiser and the value does not meet what they had predetermined as a value. Instead of reviewing the certified appraisal completed pursuant to appraisal standards, and seeing that there are three comparables with 1 block of her home that support the appraiser's conclusions, she has decided to simply trash the appraisal and without merit, split hairs as to small items she simply disagrees with. MOST IMPORTANTLY, if a homeowner disagrees with a value conclusion, they can provide what comparables would support their conclusions. This homeowner could not dispute the comparables used in the appraiser's report, or even provide any other comparable that would support her value conclusion. IT IS IMPORTANT TO NOTE that the homeowner does not even contest the value conclusion of the appraiser, she simply disagrees with some appraisal guidelines. Whether her home had six rooms or seven, it would have no impact on her value. FINALLY, as in this case, the homeowner has paid for an appraisal which is an opinion of value. Appraisers are state certified and must follow appraiser guidelines and principals. That was done here, and the homeowner does not dispute the value conclusion, that is what she paid for. She only disagrees with what is considered a patio and what is considered a room pursuant to appraisal guidelines. It appears that she is simply not happy with the value of her home, but cannot, and did not dispute the appraiser's comparables used, or the value conclusion. It is unfortunate that when someone is told that their property is worth less than they expected, they blame it on the appraiser. The appraiser does not set the value of your property, the market does. The appraiser simply researches the market and finds comparable properties to establish what your property would sell for and establish an opinion of value based on appraisal principals. THE APPRAISER HAS NO ST"