Welldone Appraisals

Mohan came to our home as we are trying to refi. We had an appraisal a year ago that listed the home at $ 475K and another done just weeks before at $ 465K. The county and local sites list it at $ 451K but Mohan from Well Done Appraisals listed it at $ 420K! He never took any measurements and was almost 100 square feet off the true size of the home. He listed a short sale of the exact same floor plan as our home as one of the comparables but got their square footage correct and ours wrong and listed theirs at $ 233 a sf but ours at $ 175 for the exact same home! Looks as if he likes to pull these figures out of thin air!

I recently tried to refinance my home loan and the bank hired Welldone Appraisals to do the appraisal. The appraiser came to my house took the square footage and attempted to leave after roughly 10 minutes. Didn’t ask me one question about the property nor about any of the upgrades I have done. I had pull him back and give him this information. When the appraisal came back it listed my property as being worth $ 30K less than a previous appraisal that had just been done 6 month prior. After looking through the details the appraiser used my own two very questionable comparables including my own purchase of the property as well as a foreclosure that was still on the market and hadn’t sold yet. If you are in the process of doing a refinance and this company comes up as the appraiser I would demand your bank use someone else as it will mostly likely not end well, it certainly didn’t for me.