My Florida Home Appraisal

Hi Stella, Our apologies that the valuation did not meet your agenda. Unfortunately we are not in the business of bending rules in order to satisfy clients as this after all is our livelihood. We report any and ALL necessary factors which impact the value of a property and "condition" is a fundamental element in our scope of work in addition to location, lot size, functional utility and gross living area. In this case, considering the home's disrepair and substantial deferred maintenance,reporting the condition thoroughly was integral to a proper analysis. It is our assumption that the lender's secondary appraisals were compiled in a manner where the foregoing property condition was circumvented in order to "make the loan work" which goes against USPAP (Uniform Standard Of Professional Appraisal Practice). These third party appraisers which you mention were hired by the lenders as opposed to you personally ordering an appraisal which automatically poses an opinion which may potentially be biased and not objective as the appraiser relies on repeat business from these clients/lenders. There’s a common belief that the appraiser’s role is to “make the deal happen.” And yet, this flies directly in the face of the professional standards and ethics appraisers are obligated to work under. So exactly what is the appraiser’s role? Please allow me to define a few other things. First, what is an appraisal? Simply put, it is an opinion of value. A professional appraisal involves extensive research into appropriate market areas; the assembly and analysis of information pertinent to a property; and the knowledge, experience and professional judgment of the appraiser. Needless to say, this is a much more detailed and difficult task for commercial and investment transactions than it is for residential. Regardless, an appraisal is an opinion based on factual events and transactions in the market. Second, what is an appraiser? An appraiser is someone who is expected to perform valuation services competently and in a manner that is independent, impartial and objective. As you might expect, the appraiser’s level of experience and knowledge in the market in which they work can have a significant impact on the competency and credibility of the appraisal results. Having said that, all Real Estate Appraisers at My Florida Home Appraisal conduct themselves in a manner which is objective, independent, impartial and unbiased in an effort to render credible results. I'm sorry we were unable to help you and that you feel such negatively about our firm.