Greenhouse Real Estate Inc

To whom it may concern:On or about January 5, 2016 I received a call from [redacted] about appraising [redacted]) to settle the estate of her father [redacted] She indicated that the house hadissues. At the time of the inspection on January 11,2016...

she told me her and her brother disagreed on the value.Subject is located in North Fayette Township, serviced by West Allegheny School District which is a very soughtafter area. It is not uncommon for a home to be purchased and raised for new construction which I believe is theproblem Mr. [redacted] has as I used a comparable located at [redacted] that had been raised. Theproperty was sold within the twelve month period I indicated on the report. At which time there was a dwelling onthe property that has since been raised. Not only have I been doing appraisals in North Fayette Township for thepast 30 years, I also am resident located in close proximity to the subject property.The comparable’s I used all had some sort of deferred maintenance as does the subject. The subjects heatingsystem is very dated, there is standing water in the basement , failed sump pumps, basement floor was uneven,possible mold, dated bathrooms. Mrs. [redacted] reported the upstairs bathroom water was shut off due to a leak.Adjustments were made for the comparalbes for what I considered to be severe differences in condition.If you have any further questions please do not hesitate to contact me.

Review: My wife contacted Mr. G[redacted] to perform an appraisal for her deceased father's property located at [redacted]. The purpose of the appraisal was to settle the estate with my wife's siblings. When we received the appraisal, we were in shock of the value, 23,000 dollars. When I read Mr. G[redacted]'s report, I found several problems. Two of the comparable properties were foreclosure sales. The other comparable was a condemned house that had been demolished at the time of Mr. G[redacted]'s appraisal. In fact, a new home was being constructed at the time. In his report, He states that he visually inspects the comparable properties. Obviously, he didn't

because there was no house present to inspect. It was demolished. In addition, anyone with any common sense could tell the picture he provided of this property was of a condemned house and no one lives there.

I called Mr. G[redacted] to resolve the problem but he said he stands by his appraisal of 23,000 dollars and I would not receive a refund of the 300 dollars.

Needless to say his appraisal was useless so we had another appraisal done. The second appraisal came in at 90,000 dollars. This was more in line of what we thought and close to what the county assessment was at. The comparables he used were the traditional type and not foreclosures. Why didn't Mr. G[redacted] use some of these comparables? The same information was available to him as well but he decided to find the 3 lowest priced sales in the area and not to form a more well rounded assessment.

My problem is that Mr. G[redacted] did not use due diligence to form a fair appraisal. According to him, every house similar to ours in our township, he would appraise at 23,000 dollars. He did not inspect the comparable properties or research to find the seller history for the comparable properties. If he did this he would have found one house was demolished and the other two were foreclosure sales that the banks bought back.

Upon request, I can provide you with both appraisals, County assessment sheets for the property and comparable properties and the demolition and new construction permits for the house that doesn't exist.

I have filed a complaint with the Department of State and have not gotten a resolution of the matter. They have just received the information and are reviewing it. I am filing a complaint with the Revdex.com because the Department of State cannot force a refund. They will only bring sanctions according to Pennsylvania Code if they feel it is warrented.

Thank you for reviewing this complaint and I look forward to hearing your resolution to the complaint.

PS, I am not exactly positive on the exact date that I complained to Mr. G[redacted] in January

Business

Response:

To whom it may concern:On or about January 5, 2016 I received a call from [redacted] about appraising [redacted]) to settle the estate of her father [redacted] She indicated that the house hadissues. At the time of the inspection on January 11,2016 she told me her and her brother disagreed on the value.Subject is located in North Fayette Township, serviced by West Allegheny School District which is a very soughtafter area. It is not uncommon for a home to be purchased and raised for new construction which I believe is theproblem Mr. [redacted] has as I used a comparable located at [redacted] that had been raised. Theproperty was sold within the twelve month period I indicated on the report. At which time there was a dwelling onthe property that has since been raised. Not only have I been doing appraisals in North Fayette Township for thepast 30 years, I also am resident located in close proximity to the subject property.The comparable’s I used all had some sort of deferred maintenance as does the subject. The subjects heatingsystem is very dated, there is standing water in the basement , failed sump pumps, basement floor was uneven,possible mold, dated bathrooms. Mrs. [redacted] reported the upstairs bathroom water was shut off due to a leak.Adjustments were made for the comparalbes for what I considered to be severe differences in condition.If you have any further questions please do not hesitate to contact me.