I had an appraisal done on my house and i am dissatisfied can i appeal there decision i live in ohio?

Cleveland
I just recently has an appraizal done on my home on June 15. The result came back and it said that there was fire damage to my house. When the appraizer came out I told him that a spot on the celing was due to a fire in the roof. He didn't ask anymore questions so I figured it wasn't a problem. In his report he stated that there was fire damage. The fire happen in the summer of 1960 more than 40 yrs ago. There is not structure damage. I am upset cause I was trying to get refinanced and was denied for the simple fact of fire damage. Any repairs that were nessary were fixed in 1960 when the fire happend. All in all the house is structuly sound. What can I do to appeal or dispute the appraizal?

Velma
An appraisal is an opinion. His opinion is that there was fire damage. He represents the interests of the bank and this is what he reported to them. If you want another appraisal, then most banks will send a second appraiser out, but you will have to pay for it even if it contradicts the first appraisal. The appraiser has to be qualified and approved by the bank you are requesting the loan from. Most people don't understand that all appraisers can't due appraisals for all banks. Banks, for the most part, are very selective on who they hire to represent their interests. I understand your situation, but the second appraisal will probably cost you another fee and you still might not get the answer you wanted or need. Just like all professions, there are good and bad ones. Appraisers are no different. I have met some real winners in my business, but they are the exceptions. If you have any other questions, I would be glad to help. Email me at lumberman57@yahoo.com.In addition, I would call the lender and see what it would cost for the appraiser to come out and re-inspect it. Tell them there was a misunderstanding on the damage. I would go back for free to clear anything up. I wouldn't want there to be any doubts about the content of the appraisal.

Apryl
In most cases if you go with another appraisal company and they find something different, basically better. then the other company should refind your money. Because based on your new information it would mean they did not do a proper appraisal

Pamila
You can't, all you can do is get another appraisal. Whoever is doing your loan should be able to find a good one that will give the value you need. If it's a bank, then I would suggest a reputable mortgage broker.