belowpar said:
So here is my question. I feel I've had a really really really crappy appraisal. Came in way low. Our team has a bunch of reasons why but long story short, the guy spent 11 minutes at my house doing the appraisal. I personally think he was extremely lazy and didn't do his job. After seeing your note above, I honestly can't believe there is any way to do an appraisal on a 4/3, 2500 sq ft house in 11 minutes.
Depends on the appraisal being done.
Is it for FHA? If so, then no it can't be done in eleven minutes. There is a lot of extra BS the appraiser has to do for those.
Conventional? Depends on the house, but not likely.
The appraiser is there to gather information and measure. If your home is easy to measure, it won't take near as long. A generic home can be measured in 10 minutes. More complex homes can take me 1.5-2.5 hours, depending on the geometry involved and how much the listing agent or owners bug me.
As previously noted, we take lots of pictures. Remember the old adage, a picture is worth a thousand words? I can take a pic and go back and refer quicker than writing down a bunch of stuff.
I do inspections using a software program specific to the appraisal form The idea being that we can minimize the time at the house.
The brevity of the time at the house is usually appreciate as most people feel like it is somewhat invasive and annoying. UNLESS, people get a number that they don't like of course. Then, they want to nitpick the report, the appraiser was rude, his shoes were dirty, he drove a nice car he must be screwing people out of money, he didn't look at this or that or note my cabinets have drawers and slides, and on and on.
There are crappy, crappy appraisers. Of that, there is no doubt. I have a mountain of bad reports that I keep just so I can remember how bad some of them are. Also, every now and then I may throw out a clunker of a report. I'm human, I make an occasional mistake too.
Just because an appraisal came in lower than you wanted, may not necessarily be because the appraiser is bad. Perhaps the data is lacking or your expectations are out of whack. Or it could be because the appraiser sucked. Who knows.