Jeremy D Skalet, Review

Jeremy D Skalet
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by knoxappraiser1, Jun. 02, 2014

This review is in response to a possibly damaging and inaccurate review left by a disgruntled homeowner regarding an appraisal performed by Jeremy Skalet. When performing appraisals of real property, the value conclusion is based on recent sales of SIMILAR properties to the subject property. Similar is capitalized to place emphasis on the fact that we have to utilize properties that have similar size, design, appeal, quality, condition, room count, etc as compared to the subject property. Just because a property sold recently across the street from the subject property does not mean it would always be a reasonable substitute to a typical buyer. Appraising real estate can be difficult at times because of the emotional attachement we have to our homes. In the future, if a homeowner disagrees with the appraisal of their home, instead of posting a childish and potentially damaging rant that could impact the appraiser's ability to provide for his family, simply provide the appraiser with the sales data from the past one year that you utilized to develop your opinion of value. Our opinions of value as appraisers are based on factual market data and not emotion. As long as an apples to apples comparison is made, the market data will reveal the value of the property. Unfortunately, that conclusion is not always a number that makes the homeowner happy. I recently had my personal house appraised and the appraiser's value was lower than what I had concluded. Instead of trying to tarnish his reputation, I supplied my lender with the comps that I felt were more similar. The lender forwarded my data to the appraiser and in turn he revised the opinion of value. Appraising real estate is not an exact science. There will always be a value range rather than an exact amount. If you as a homeowner arm yourself with recent sales data of truly similar homes, most appraiser's and lenders will happily revisit the report in order to determine if some relevant comparables were mistakenly over looked and if so, often the value conclusion can be revised.

It should be noted that the person who wrote the damaging review just recently sold their home for $400,000. It seems strange that the homeowner would agree to a $400,000 sales price when their opinion of value was much higher.

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Pray You Don't Get Him!
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by KnoxRemodeler, Mar. 26, 2014

Jeremy Skalet will tell you he is the best appraiser out there.  He will tell you that he is very critical and that most homeowner's do not like him.  Why? Because he goes out of his way to make sure the valuation he gives your home is the lowest possible.  He may know what he is doing, but he is terrible at selecting comps and taking into consideration what the market is really looking for
For Example: Our home was originally appraised by someone else for $468K.  Two years later he appraised it at $400K. We had it re-appraised with someone else 9 months later and it appraised at $465K.
Example #2: My friend had his home originally appraised by someone else at $365K. Jeremy appraised it at $300K. It was re-appraised by someone else 1 week later at $360K.
Example #3: Our neighbor's original appraisal $400K. Jeremy appraised it at $350K. Re-appraisal came in at $400K.
Someone in authority needs to investigate this guy's record as he is not fair or equitable in his appraisals unless you are the lending institution hiring him!
Pray you don't get him as your appraiser. You will receive a low appraisal and a load of arrogant self aggrandizement.

* this reviewer has be with this appraiser for 1 - 3 years
* this reviewer had >10 dentists before.
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