Brian D Locher, Review

Worst Appraiser I've Had
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by HomeOwner1, Apr. 18, 2019

I had an awful experience with this appraiser. I am in a townhome in a complex that also has condos. He came to my home to appraise, was there for about 10 minutes and was very cold the whole time.  Didn't think anything of it, but then he appraised my house for only $4,000 over what I paid after updating the entire place and being there for a year and 2 months. He was comparing my townhome to the condos in the complex - much smaller places and with a great deal less amenities (i.e. washer & dryer, garage, patio area, etc.).  Not to mention, these condos were selling over what he said my home was worth. He ended up changing the value, reluctantly, but we needed him to come out and remeasure because his measurements were way off from the last appraisal.  During his remeasure, he was condescending and even threatened to change the appraisal because I was concerned and asking questions on why his measurements were so low. I mentioned to him that there was another townhome, just like mine, going for sale $40,000 over what he appraised mine for and that I was concerned that mine was coming in so low compared.  Well, come to find out, the property that is just like mine appraised for $55,000 over what mine appraised for.

His incompetence and lack of knowledge of the market has now put me out a large sum of money and held off my refinance, until we can get another appraiser in.  I suggest that extreme caution is used before hiring this man to appraise a home.

* this reviewer has be with this appraiser for 1 - 3 years
* this reviewer had 1 - 2 dentists before.
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