RealTown's RealTalk

I recently did a BPO on a property in my town of Athens, Ga. I had to call
the owner for directions and she told me the value she was looking for. It
was for a equity line. So out I go looking for the property. Took forever
to find it because I was looking for a $400,000.00 house and the property at
the address listed was on the tax rolls for $130,000. Finally I realized it
was the correct house. Did my BPO, valued it where I thought it should be,
around $145,000.00. Yesterday, I get a email from the company disputing my
value and wanting me to change it. Said no, I'm sticking with my value.
Then I get another email with a list of comps to use in a re evaluation of
my bpo. The comps sent are solds from a town called Wappingers Falls, NY.
(I'm in Athens, Georgia)

I stuck by my value indicating the sold comps they wanted me to use were 800
miles away. It will be interesting to see if I get paid on this one.

Jim Clauser
Your Real Estate Consultant For Life
RE/MAX Associates Athens, Inc.
706-714-1181 Direct
706-433-0542 Fax
www.JimClauser.com to view over 2000 homes!
Jim@JimClauser.com

Did they indicate why they wanted to use comps from another state? That is very odd.