I agree with you 100%. Here a a few of the desrepancies we found in her report. Oh, did I mention that she stated what she was gong to appraise the house at 4 days before she even saw the house?
-just below "Subject": the area we live in is built up over 75% of available land zoned for housing, not the 25-75% she has labeled. What is still open is mostly City parks, of which we are right next to one of the largest.
-property values are increasing here. In the last year alone, our State Equalized Value increased by nearly $18,000.00 and is going up again in Sept.
-in the area labeled "Site": our lot size is not typical for the area, but is one of the largest in the neighbor hood and is nearly 3 times the "average/typical" lot size.
-in the area labeled "Description of Improvements": we do not have a dining room. We DO HAVE a living room. The kitchen has a dinning nook. We have 4 bedrooms and no office. I have a desk and computer set up in the master bedroom downstairs so that we would have our bedroom up stairs, on the same floor as the kids. There is no "office" or "study" room. The one bath up stairs is not "Newer" it is COMPLETELY NEW. It was gutted to the studs and floor joists and completely rebuilt with everything new, ie... new marble sink, cabinet, medicine chest, 1.5 gallon toilet, jacuzzi tub, marbellite tub enclosure and sliding glass doors, recessed bath lighting and a single, seperate, tub light. The bathroom downstairs has been redone also with new flooring/paint and trim. This one I would considered as "Newer"
In "Kitchen Equipment" we DO HAVE a "refrigerator" that she failed to mark, we DO HAVE a "Fan/Hood" that she failed to mark and we DO HAVE a dish"WASHER/Dryer" that she failed to mark.
-Under "Amenities" we DO HAVE a wood burning fireplace that she failed to mark.
-Under "Car Storage" the garage is an oversized, 2 car DETACHED garage (built in 1962) and not an ATTACHED as she had marked.
Under "Sales Comparison Analysis" our site is not 90x138 as stated but is irregular. In reality it is 46' along the rear fence, 127.07' along the north fence, 151.69' along the south fence and the front yard has two separate measurements, 88.72' and 45.02', due to being on a curve. (see attached scan of our original survey which was provided to her) All other lots used are standard 60x120. We have nearly 3 of those in ours alone.
The comment "The subject property and comparable have not been listed nor sold during the prior thirty-six months except as noted above" is incorrect. I believe I have already supplied accurate closings within 1 mile of us that have sold in the last year for much more than what she found. This only confirms what we believe, that she came in not looking to do us good, but working for the bank and to low ball us. Translates: A waste of her time.