Appraisal company didn't appraise house we have under contract for enough....

What a dick move






By you

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Think they'll get the point and change their appraisal??

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No... but you'll be getting an invoice for it anyway.

if you sign a simple agreement for an appraisal, I'd say you are about to get hit with all kinds of liens and credit reports.

They're doing you a favor. You're paying too much for a piece of shite.

Yeah this won't end well for you. You might want to rethink this move.

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Appraisal company didn't appraise house we have under contract for enough.... by IgnignotI only needed 5k more and they were a-holes And unfortunately for them they didn't deposit my check yet So I canceled payment on the check. Think they'll get the point and change their appraisal??

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Ya that is illegal for them to do what you want. They may be wrong and it is worth what you think but they can lose their license by delivering a report in line with a value conclusion demanded by a client.

You should also be careful as appraisers / banks talk in small communities and your name can be blackballed from future loans / appraisals / general real estate deals due to this kind of behavior.

As others have said you have to pay for services rendered as outlined in the Letter of Engagement and will likely be getting some sort of invoice or notification of non-payment.

Finally, why wouldn't you simply take the appraisal to the seller and then say "hey its only worth (whatever contract price is less $5,000) and then pay that much instead of the full value"?

Also I don't believe your story but the above is all solid info for others.

Oh and I forgot, you made the check out to the appraiser? Typically you pay the bank / lender who then orders the appraisal and is the direct client of the appraisal firm / appraiser and the one who pays them for their service. So, unless you are not receiving a loan, the bank / lender will be the one looking to receive payment from you and the appraisal company will still get paid by the bank / lender. And if you aren't receiving a loan, why do you care what it appraised for unless you were going to use that value to negotiate a lower price or confirm the existing contract price?

1. They will get their money the easy way or the hard way.

2. Maybe you're paying too much for your house.

hahaha this is going to get worse for you. dumbass