Appraiser that I'm forced to work with doesn't want to share info. on Comps in my area? He's acting like he's

Question

on some covert mission. Isn't this my right as the homeowner as I will know eventually anyway?

Answer 1

I know this is stupid, but it is the law. The appraiser cannot give you that information without going through the bank. Most of the time the appraiser should not even be talking to you after the initial visit to you home. The reason behind this is so that the appraiser does not have undo stress to hit a number. You don't want the appraiser to be influenced. A bad appraisal will only hurt you in the long run. You may get what you want in the short run, but if the appraisal is too high, then you will be upside down in your house, and that is a very bad place to be. Be patient and you will see the appraisal.
Also, you need to understand that the appraiser is a representative of the financial institution that you are working with. The appraiser is there to protect the investor from bad investments, and not for the homeowner.

Answer 2

Part of the appraisal will be information about comps in the area, so if you can wait until the appraisal is complete, you'll get your information. If you don't think he's doing a "straight up" job, hire another appraiser as well. That way you can compare the values to get a better picture (although it will cost you a few hundred dollars).

More information is always good when buying/selling property.

Answer 3

I have no idea what an appraiser is, nor do I know what a comp is. I can't even begin to guess where your area is....but
I like ya, so for today only I'll give ya a really great deal on an impression, yeah that's it... an impression. In my life I have noticed that some people hold on to information like gold. There are probably a thousand million reasons why, but my impression is that he is a chickenphit. He won't tell you nuthin' until someone makes him tell you somethin'. That's right, pigeon, you have to go after the big boss, even tell the papers, those filthy swindle sheets can have a purpose, If you can get someone's attention. See ys around,eh.

Answer 4

He has a responsibility to limit any influence from interested parties. You as the homeowner have really no reason to talk with him about anything. Unless you have information he might not have, like a home in your neighborhood that sold privately.

Get your copy of your appraisal from your lender when it's complete. You'll see what comps were used.

Answer 5

If the appraisal is being performed as part of a mortgage, then NO, the appraiser has no obligation to you. Even though you are paying for the appraiser's work, s/he is engaged by and works on behalf of the lender. It is to the lender that the appraiser has professional obligations- not you.

THis is also why you are forced to work with that appraiser and had no say in the matter.

Contact your lender and tell him/her that you would like to find out which comps are being used. If s/he wants to be nice, then you can probably get the information before closing.

Answer 6

Of course you are entitled to that information. You are the customer and you are paying for the appraisal no matter where the check is coming from. What are you really going to do about it though? Your only choice is to fire him and get a new appraiser. If you called the bank and told them you refuse to work with this appraiser they would send a new one. It might cost you in time and money though.

Answer 7

It depends on what your reason is for having the appraisal, and who is paying for the appraisal. Assuming that you are having the appraisal for purposes of financing and are paying for the appraisal, you will receive a copy of it with your approved loan documents.

Is there some specific reason you desire this information at this point ?

Answer 8

as much as i would like to say it is your right to know , and also knowing I also would be wanting to know , Today in time there is so many security measures each as to follow to avoid certain lawsuits and other mesures that someone has tried before, for example years ago i could go to the bank apply for a home loan when papers were ready my wife could pick them up bring them home i would sign carry them back next morning but someone screwed that up years ago but then again thats a big difference than what ur talking about . but its probably just security reason and diffrent appraisars have different regulations plus required regulations, plus the tyoe pof apprasal and the reason for the appriasla etc.. also play a role in it. so as much as it seems unfair to me and you both thats probably the way it is.