Banzhoff Real Estate

Appraisals should not be subjective, but the methodologies used by appraisers are entirely left to thier judgement. I've had 4 appraisals on one of my properties in the span of 18 months, 3 of which were performed by Dianna and/or her husband. The appraisals were well below the market value and th…

Appraisals should not be subjective, but the methodologies used by appraisers are entirely left to thier judgement. I've had 4 appraisals on one of my properties in the span of 18 months, 3 of which were performed by Dianna and/or her husband. The appraisals were well below the market value and they used comps from homes that were not in the immediate vicinity. Real estate is all about location. Home size and condition are far less relevant in general, especially when you're in proximity to a lake, beach, etc. You can have an amazing home in a non desirable location that will dramatically impact the value, and vice versa, so location should be one of the most significant factors. Common sense..... In the end another appraisal was commissioned by the mortgage company. The new company and appraiser provided an appraisal that was 24% higher than the banzhoff appraisal, which was aligned with the true market value.