The Appraiser's Phone Call.

Things are still going pretty slow.  However, we did get a call from the bank appraiser this week.  It was an interesting conversation.  I can’t wait until we get the final report.  Our conversation went something like this.

Me: Hello

Appraiser: Hello, this is Mr. Appraiser with the appraisal company.  I just did the walk through on the property you are purchasing for the bank.

Me: Hi there Mr. Appraiser.  How are things?

Appraiser: Great.  And you.

Me: Couldn’t be better.  What can I help you with.

Appraiser: Well, I just did the walk through with your realtor, and asked him these questions, but would quite honestly feel better if I asked you directly if you don’t mind.

Me: Sure, not a problem.  Ask anything you like.

Appraiser: Ok...  Have you actually seen the house?

Me: Yes, we where there a couple of weeks ago.  Why?

Appraiser: Well, it looks… a little… not taken care of.

Me: Yes, I agree.  It’s a foreclosure.  We have to take it in as is condition.

Appraiser: So you have seen the paint on the walls.

Me: Yes.  It’s going to be some work to do fix and repairs.

Appraiser: And to verify, how much are you paying for the place.

Me: We are paying the bank the asking price to prevent a bidding battle.

Appraiser: I see.  Ok, thanks.  That is all I needed to know. 

Me: Not a problem.  Can I ask you something?

Appraiser: Sure.

Me: Why are you asking?  Is there something I need to know.

Appraiser: No, no.  I just wanted to verify directly with you the purchase price and that you know what your getting into.

Me: Yes we know, hopefully.  Is there anything Unofficial I need to know.

Appraiser: Well…. Yes, the wall paint colors are ugly.

Me: <laughing>  Am not going to disagree with you there.

Appraiser: <laughing>

Me: Maybe it looked really good with the previous owners furnature and we are just seeing it out of context.

Appraiser: <laughing harder>  Ok.  As long as you know.

Me: No worries there.  By the cay, can I get a copy of the report.

Appraiser: I have to send it to the bank, but see no reason why they wouldn’t give you a copy.

Me: Ok.  Thanks.  Will send my broker an e-mail right now.

Appraiser: Sounds good.  If I have any more questions will let you know.

Me: Ok.  Thanks again, have a great day.

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