house appraisal horror stories

One horror story is when the appraiser undervalued a house significantly because they overlooked recent renovations. The homeowners had put in a new kitchen and bathroom, but the appraiser didn't notice or factor it in. As a result, they got a much lower appraisal value than expected, which caused problems when they were trying to refinance their mortgage.

It was possible to merge land appraisers and real estate appraisers. Some documents mentioned the integration and merger of the two professions, including obtaining a new real estate appraiser qualification certificate and signing real estate appraisal reports and land appraisal reports. However, there were also some documents that mentioned that the land appraiser did not know much about other assets, so the asset valuation might need to be retained. Although there was some discussion about the merger, no definite answer was provided. Therefore, according to the information provided, I don't know if the land appraisers and the housing appraisers will merge.

Sure. One of the worst was when an appraiser made a huge mistake in the square footage calculation. He miscalculated by a large amount, which made the house seem much smaller than it actually was. This led to a very low appraisal value. The homeowners were shocked as they knew the correct size of their house. They had to go through a long process to correct the error.

There was a case where the VA appraiser missed major renovations done on a property. The homeowner had spent a great deal on upgrading the kitchen and bathrooms, but the appraiser seemed to overlook these improvements. As a result, the appraisal value didn't reflect the true worth of the house. It was a nightmare for the homeowner who was relying on a fair appraisal for a refinance.

One common element is unfair criteria. For example, if the criteria keep changing without notice, it can be a nightmare for employees. Another is when personal biases of the appraiser come into play. If the appraiser doesn't like an employee for some non - work - related reason, they might give a bad appraisal.

One horror story is when an appraiser underestimated the value of a house due to a simple mistake in measuring the square footage. The owners were trying to sell and based on the low appraisal, they had to lower their asking price significantly, losing out on a lot of potential profit.

Well, there was a case where an appraisal system was very unclear. An employee thought they were doing really well, exceeding their targets. However, in the appraisal, they were rated poorly because the management had some unspoken expectations that were never communicated. It led to a lot of frustration and the employee eventually left the company.

There was a house where every time someone took a shower, the water would turn ice - cold suddenly. One girl saw a shadowy figure outside the frosted glass. She screamed and when her family came, the figure was gone. But after that, she was always terrified to take a bath alone in that house. It seemed like there was something sinister lurking in there.

Firstly, get a thorough home inspection before putting the house on the market. This can help identify any potential problems early on. For example, if there are plumbing issues or electrical problems, you can fix them before scaring off buyers.

There was a family trying to sell their old house. They thought everything was going smoothly until they started getting strange noises at night. It turned out there was some kind of rodent infestation in the attic that they were unaware of. The buyers found out during their final walk - through and cancelled the deal. The family had to deal with getting rid of the pests and starting the selling process all over again.