Newstuff,
please file a complaint with the Real Estate Commission here in MD against the appraiser. Unless, it was meant to be a drive-by appraisal (frowned upon by me) - the appraiser needs to go back to school.
Out-of -the-area banks are infamous for sending an appraiser to an area they don't usually work. Had an appraiser from Baltimore for a townhouse in Montgomery County and he missed comps (appraisal came in low) -because he didn't know the area (and how to spell the advertised subdivision). Needless to say, both the listing agent and I were livid - both of us ended up faxing him comps for the place.
Now as the Buyer's Agent why would I want to get an appraisal up? Because the TH down the street was settling the next week for 20K more than my buyer's were paying and it appraised. Didn't want the contract voided and then the Seller's raising the price. In Buyer's best interest to keep the contact price.
If you want/need comps for your house - PM me with the address - I'll be happy to run a CMA for you so you know where you should be at. It is unofficial - but at leat you will know what the appraiser should have seen.
Message Edited by Lady_Scarlet on
10-11-2007 08:19 PM