HENDY REAL ESTATE SERVICES

My wife and I are being relocated by her company. A part of her relocation package involves assisting in selling our current home. They pay for appraisers, inspectors, realtor and a few other services. We were to choose two appraisers to evaluate the home. The average of those two appraisals would be considered the home buyout value. If we could not sell our house in 90 days, her company would buy the house for that value. Two years ago when we bought the house it appraised for $203,000. With a fair rate of 1.8% increase in property value in a very good neighborhood and school district our appraisals should of been around $206,600. Our Realtor reports have comparable housing between $205,000-$220,000. She reported our house at an insulting $196,000, which was $9,000 less than the other appraiser causing our average value to drop $5,000. She literally cost us $5,000. Unfortunately, there were no reviews online for us to measure this business. Hopefully this review will help someone else in the future to avoid a potential costly mistake. Elaine James was very polite and professional, but numbers never lie.