John Meussner, #MortgageMadeEasy Walnut Creek, CA 484-680-4852 (Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)

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Rainmaker
3,683,687
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Congratulations,  John.

Jun 01, 2018 03:19 PM
Rainmaker
467,024
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We have had a few times we have won the appraisal debate. The challenge after that is for the lender's underwriter to accept the changed figure.

Jun 01, 2018 02:31 PM
Rainmaker
813,534
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

We have successfully challenged appraisals on several occasions. Never seen 100k discrepancy though. Wow!

Jun 01, 2018 02:38 PM
Rainmaker
1,307,792
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

WOW!  This I have NEVER heard of or seen.  You've found a real unicorn of an appraiser!

Jun 01, 2018 06:25 PM
Rainmaker
622,249
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Never had the appraiser change their number, we have however gotten a 2nd appraisal & that came in where we needed it to. That's great stuff right there!

Jun 01, 2018 04:52 PM
Rainmaker
1,052,577
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

WOW!!! Congratulations!

Jun 01, 2018 03:52 PM
Rainmaker
1,362,046
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have not.

Jun 01, 2018 03:48 PM
Rainmaker
1,620,080
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Yes it is rare & congratulations that they said they did anything wrong. 100K is really a mistake if you ask me.

Jun 01, 2018 02:51 PM
Ambassador
3,211,229
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

You were sure of the value, found comps that supported the price and probably presented it in a very logical and kind way.  Great way to end the week!

Jun 01, 2018 10:21 PM
Ambassador
3,723,525
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Congratulations, John Meussner! Yes, I've had that work out for me as well but, not nearly as often of recent as the number we used to see changed.

Jun 01, 2018 09:06 PM
Rainmaker
2,887,811
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Miracle indeed.  Kudos to the appraiser for correcting. 

Jun 01, 2018 04:25 PM
Rainmaker
3,064,099
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Very good news that you close the transaction.

Jun 01, 2018 03:25 PM
Rainmaker
5,894,889
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for sharing your experience.

Jun 01, 2018 02:40 PM
Rainmaker
3,504,086
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I have had that happen, John... not often... but from time to time. 

Jun 01, 2018 02:37 PM
Rainmaker
3,066,356
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Michael Jacobs nailed this one!

Jun 02, 2018 07:55 AM
Ambassador
4,306,997
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

John Meussner - happens, Miracle? No, it is your hard work.

Jun 01, 2018 11:26 PM
Rainmaker
1,523,816
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

I have helpe appraisers with comps several times.

Jun 01, 2018 06:43 PM
Rainmaker
1,607,255
Mike Cooper, GRI
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Nice, John. That would be a miracle in my market. 

Jun 01, 2018 06:23 PM
Rainmaker
3,185,813
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

WOW that is great when they actually fix their mistakes. I had a similar appraisal 100k short that killed our deal. 

Jun 01, 2018 04:02 PM
Rainer
272,302
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Never that big of a difference. 

Jun 01, 2018 03:29 PM
Rainmaker
510,224
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Rare, but it happens. I had one admit he looked at the wrong contract when determining value and admitted it, but we still needed a second appraisal to finalize the value. 

Jun 01, 2018 03:02 PM
Ambassador
2,470,082
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    I recently got one bumped up after submitting some additional comps... but the appraiser did not admit that she was wrong. 

    Congrats on your success!

Jun 01, 2018 02:55 PM
Rainmaker
485,461
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

congrats, it is rare but have successfully challenged a couple of times myself, most of the time they seem to dig in their heels no matter how much documentation provided to show value, hope the adjustment is enough to make your transacton work.

Jun 01, 2018 02:54 PM
Rainmaker
5,396,564
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

that's happened to us in previous markets but we've not had to deal with yet in this market....

Jun 01, 2018 02:49 PM
Ambassador
1,706,708
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Nice to see things work out.

Jun 01, 2018 02:36 PM
Rainmaker
1,917,676
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

A TIDEWATER Moment 

Jun 02, 2018 03:30 PM
Rainmaker
287,388
Allie Angeloni
Long Realty - Oro Valley, AZ

Whoa! on so many levels!!  To come in that short, to have value raised, and hence admitting an error . . .  amazing John Meussner!  Personally I have never seen this - Thank heavens for doing your homework and saving this sale!  

Jun 02, 2018 12:15 PM
Rainmaker
590,754
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

I have had reviews for about $10,000. This amount is obscene.

Jun 02, 2018 10:09 AM
Rainmaker
705,943
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Good job John!!

Jun 02, 2018 07:02 AM
Rainmaker
822,800
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

That has happened.

However, the stage was set for a gracious adjustment without an admission of wrong-doing. 

Jun 02, 2018 04:49 AM
Rainmaker
1,595,339
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Every once in a great while, an appraisal might be revised. Good for you- a $100K shortfall is a lot.

Jun 02, 2018 02:56 AM
Rainmaker
87,820
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

Congratulations! 

Jun 01, 2018 10:41 PM
Rainmaker
2,558,960
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

There is a guy I would use again. Mistakes dont bother me just make good

Jun 01, 2018 04:44 PM
Ambassador
2,962,857
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

no, I've never seen one admit they could have made a mistake.

Jun 01, 2018 03:59 PM
Ambassador
4,763,896
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Always good when we can be big enough to admit when we missed something.

 

Jun 01, 2018 03:10 PM
Rainmaker
397,608
PropertyMinder (AccelerAgent)
PropertyMinder, Inc. - San Jose, CA
Modern Tools for the Modern Agent

Glad to hear it's sounds like it's working out, John Meussner! - Tim 

Jun 01, 2018 03:05 PM
Rainmaker
526,160
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Comps are comps and they tell the story. 

Jun 01, 2018 02:38 PM
Rainmaker
1,092,753
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Great. Often it is settled with another appraisal. In our area most accepted homes prices are way way way over sold data, most buyers used to release appraisal contigiency.  To show they are serious often there are no contigiency on most offers. Seller gets to keep the deposit if borrowers can not close in 21 days.  

Jun 02, 2018 09:28 AM
Rainmaker
4,931,628
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

John

Yes, I have.  It is nice when someone can admit their mistakes. A

Jun 02, 2018 07:42 AM
Rainmaker
4,432,941
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Congratulations 

Jun 02, 2018 07:35 AM
Rainmaker
4,798,831
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It happens.

Jun 02, 2018 05:26 AM
Rainmaker
3,985,581
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

That is a first in  my book!

Jun 01, 2018 09:15 PM
Ambassador
4,256,444
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Good news. Haven't had an issue like this with an appraisal but good to know.

Jun 01, 2018 04:39 PM
Rainmaker
3,645,410
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Been some time since I won a dispute with an appraiser!

Jun 01, 2018 04:30 PM
Rainmaker
4,392,522
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

No, usually don't have troubles with a value.  Recently we did, the appraiser did not change anything, and all parties filed a complaint.

Jun 05, 2018 06:43 AM
Rainmaker
788,111
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Good job! Congratulaitons, John Meussner 

Jun 03, 2018 09:05 AM
Rainmaker
899,751
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

I have seen this John.  We had an appraiser come in $ 60,000 short despite being given comps.  He wasn't familiar with the area and the fact that certain subdivisions just sold for more.  The buyer complained and paid for a second appraisal and the second one came in $ 60,000 higher.  But, only once have I seen it.

Jun 02, 2018 01:10 PM
Rainmaker
776,372
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Well done!

Jun 02, 2018 09:28 AM