Business ProfileforAppraisal Asset, LLC

Be Careful!! We had 4 appraisals done on this property and with the lowest appraisal he came in 50k less than value than the lowest and 140k less than our highest appraisal for the client. Took money and ran wouldn't look at better comps that were sent over from another local appraiser that said his appraisal was a joke. Subject property was in historic area, custom built home and he used stick built homes that weren't even close to the same comparables. Be careful when using this guy.

The reviewer is not qualified to read/judge an appraisal, in the first place. A "low" appraisal does not translate to a "poor" appraisal. A low appraisal may not suit the needs/desires of a loan office, such as ******************. The fact that I was a fourth appraisal ordered suggests that some reviewing entity questioned the integrity of one or more of the former products. I do not make the data. I report the date and analyze it. My report is well written and well supported. The reviewer falsely claims I did not look at "better comps" used by another local appraiser. I was provided three properties that were provided in the course of the *********************** (reconsideration of value) request. I did, in fact fully review them, pulling up county record cards and MLS reports, and viewing scores of MLS photos. The properties supplied were entirely inappropriate for comparison to the subject property. The primary method in comp selection involves the concept of the principle of substitution, wherein a comp would be viewed as a reasonable substitute in the market for the subject. The properties supplied were in superior areas, further away, and very significantly superior in condition and quality to the subject. They were not comparable properties. The propensity of homeowners and loan officers to assume/judge the higher appraisals as more accurate or superior is clearly one of bias towards meeting their goals of maximizing value. An appraiser is hired to give an unbiased, credible opinion of value. The use of those very superior properties as comps was irresponsible and likely on the edge of perpetrating fraud in the appraisal business. I was not given the other products to review or judge, so am not doing that in this response. I am simply standing firmly by the quality of my report. I have decades of experience in the business and am now both a certified appraiser and a real estate agent. I have never once had a complaint filed stick against me.