Accurate Ace Appraisal Reviews (%countItem)
Accurate Ace Appraisal Rating
Address: 4802 Bugg Rd, Plant City, Florida, United States, 33567-2546
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The owner of the company John H J. came out to my property to do an appraisal for the sale of my home. The appraisal delivered was deliberately sabotaged in many ways. He delivered the appraisal 15 minutes before the deadline which was nearly 7 full days after he came out to complete the appraisal. He failed to include all of the internal upgrades in my home in his report and actual mentioned that there were none. I have granite counter tops throughout my home as well as Cambria Quartz in one bathroom. I also have upgraded the master bedroom to have luxury vinyl planks as the flooring. Outside I installed 12x16 paver patio complimented with a 12x12 wooden pergola in which he only used $500 for value. When it came to running comps, instead of using homes close by he used the furthest maximum distance as well as the lowest possible "comps" if you can even call them that. My home is not even two years old and he compared my home to homes 10 plus years old with zero upgrades. There were plenty comps to choose from that were more accurate to my home and closer. Because of John's gross negligence to do his job, I am out money on an apartment, have to pay out of pocket to have another appraiser come out and complete the job accurately and possibly not be able to find a place to live since giving up the apartment.
Product_Or_Service: Appraisal
Refund The amount paid to be refunded to the buyer of my home and the amount of money I lost out on by having to pay out of pocket for an additional appraisal and the money lost on the apartment.
This is a verbal reply taken by Revdex.com:
When I did the appraisal a male was home, wanting me to price what they spent on construction renovations into the appraisal. Some appraisers may do it, although they shouldn't because how much people spend is not something we would factor into an appraisal per trade industry. Appraisers are to remain neutral throughout the whole process, only factoring the quality of the material. I do not factor what they paid for in construction or even look at asking price of home until afterwards, some appraisers will not even look at items and just give price even though they shouldn't. There are factors like location, waterfront, if there is a nearby nature preserve etc. around house that can't be constructed on that will go into appraisal. My obligation is to the lender that hired me and the Buyer of home so they are knowing the actual worth of the home. The Seller is upset the house is not priced to what they want it to be, however we cannot just price it that way. The counters look like marble, however there was no information given to me about what the material actually is, so I have to price based on what the material appears to be. Sellers can't normally just order another person to do an appraisal because they don't like how much their home is actually worth. Just because you list an asking price, it does not mean the home is worth that much which is why a lender hires an appraiser to value the actual worth of the materials and features.
There are multiple homes within the neighborhood we had used as comparables to make sure we were within the appropriate range. MLS listings show all pictures, all houses on the Seller's street within 2 miles are brand new and comparable. Some had smaller or bigger features so we factored in accordingly, Seller had larger patio and larger lot size, waterfront neighbor's house would be up to $230k to $240k range. The construction that Seller made afterward is a personal item that we cannot factor. The home was purchased 2018 for $196k, currently worth in range of $207k because of normal growth but they are asking for almost $220k. We have explained that just because you pay a contractor that much, it mean that 100% of what you paid to the contractor will add onto the home's value when you sell. We can only look at condition and type of material. If you even ask multiple appraisers there will be a difference of about $10,000 between each other.
The Seller's patio just outside the patio door had large concrete slabs worth $500, they are sturdy and professionally laid. The gazebo is worth nothing, even though it looks nice it does not mean it will add value because it covers and encloses nothing. The "firepit" has no value, the area is loose gravel with stepping stones. it looks nice but if you sell it to someone else the next people will have to worry about the grass growing right through, or if a serious storm comes through the area there is nothing to hold the loose gravel down.
The lender did send a detailed report to the Buyer, I even answered lender's questions about comparables in the area. I was not paid yet by the lender, and do not know how much buyer paid, however the Buyer does not ever pay me directly they would pay the lender's price and the lender would pay me.