Appraisers - Can't Live With Them, Can't Live Without Them
The other day, Ginny Gorman of North Kingstown, RI wrote a blog post with a similar title about home inspectors entitled Can't Live With Them And Can't Live Without Them - Home Inspectors. I commented on the fact that one could write a similarly title post about Appraisers. I didn't think I would be writing one so soon though! We've all had the appraisals that come in well under sale price....but this is not a post about that!
A lovely couple who are clients of mine have a house that has just gone under agreement in Milton MA. The Sellers, who are downsizing, are buying another home and, of course, the dates and deadlines are inter-connected and important.
Luckily, the loan officer my clients are working with is very responsive, attentive and on top of things. It is not someone I've worked with before but it has been a pleasure working with her so far. She had been in touch to say that the appraisal was ordered and that she was aware of the deadlines and the impact on everyone involved.
My clients have gone out of the country to visit family. They will be home before the mortgage contingency date and have access to email and had already taken care of their paperwork. The loan officer and I can communicate and stay on top of things in their absence. Things were under control.
I say "were" because I woke this morning to an email from my clients. The appraiser had emailed my buyers to set up the appointment for the appraisal! The email was sent three days ago! Of course, my clients were traveling & did not get it same day. Luckily, they forwarded it to me, asking if they were responsible for taking care of this. Of course they are not and why an appraiser would ever contact the buyer to set up the appraisal is beyond me.
I have since called the appraiser and emailed him with the proper contact information, letting him know days have been wasted. I copied the loan officer, who is also livid and has also let the appropriate people know. And, it is a weekend so who knows if he will be checking email or voice mail. I have yet to hear back from him. Hopefully, this is not a sign of things to come in terms of this appraisal.
As a Buyer Agent in Milton MA and throughout Norfolk County, I work closely with lenders and other professionals to stay on top of the dates and deadlines to protect my buyers interests. As much as it drives me crazy, there are just some things I cannot control.
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Christine Smith is an Attorney and Exclusive Buyer Agent with over 25 years of experience in the real estate field.
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