Altermatt Appraisal Services LLC
The Market Is Changing... And We Know How To Measure It
“I remember this little bungalow in west Toledo, the owner was selling to a cash buyer who hired me to perform an appraisal. After arriving at the property and entering the home it was obvious that something was off. The property was in rough shape. Part of the appraisal process includes researching the previous marketing and transfer history of the property. A recent listing showed the same property, in the same condition, selling for $19,000 less than a year prior—the seller was asking $71,000. The market had changed, but not this much.
I called the seller to gather intel about any updates or improvements that were made since he purchased several months prior, as well as discuss the terms of the previous transfer. He proceeded to tell me how the kitchen and bath were remodeled and other items were replaced. It was obvious he was not being truthful. I completed the report and delivered it to my client. After unsuccessful attempts at renegotiation, my client ended up buying a different house in the same neighborhood at a fair price.
That property ended up sitting on the market for several months and was reduced in price multiple times before finally being withdrawn.
There are always people out there trying to take advantage of others. The role of an appraiser is to be objective and report the facts. We identify and understand the property, how it fits into the market, and provide an opinion of value so our client can make an informed decision."
-Bill Altermatt, SRA
Owner & Chief Appraiser
We provide residential appraisals in Lucas, Fulton & Wood County. Our expertise includes estate work, divorce and insurance valuations, and mortgage finance transactions.
For the fastest response, please send an email to email@example.com and include the following: your name, phone number, address of the property in question, and why you need an appraisal.