First of all I did not choose this appraiser, my lender did. If you have a choice do I would not recommend this guy. The first report that he sent back to the lender, had to send back because it had "numerous errors" (according to the QC department with the lender). A week later we get the "corrected" report and it is $20k lower than asking price. Now I understand that not all properties appraise for asking price, but this appraiser did not do a fair market value because he did not appraise for the properties location. The appraiser did not compare this property with the others in the area (like you are suppose to do when doing an appraisal). So again, if you have a choice I would steer clear of this appraiser and go with someone that would do a better job that is not riddled with errors.
Fannin Appraisals Reviews
First of all I did not choose this appraiser, my lender did. If you have a choice do I would not recommend this guy. The first report that he sent back to the lender, had to send back because it had "numerous errors" (according to the QC department with the lender). A week later we get the "corrected" report and it is $20k lower than asking price. Now I understand that not all properties appraise for asking price, but this appraiser did not do a fair market value because he did not appraise for the properties location. The appraiser did not compare this property with the others in the area (like you are suppose to do when doing an appraisal). So again, if you have a choice I would steer clear of this appraiser and go with someone that would do a better job that is not riddled with errors.