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Updated over 9 years ago on . Most recent reply

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78
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Kiki Helland
  • Investor
  • Castaic, CA
16
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78
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Should appraiser know of issues?

Kiki Helland
  • Investor
  • Castaic, CA
Posted
I am in escrow for an investment SFR and the home inspection revealed issues with the electric wiring. I got two estimates for repair including fixing a fire hazard condition in the wiring coming from the street through attic and unpermitted work on electric panel redo. Are these issues part of what the appraiser looks at and considers to value the property? Will appraiser even know that there are issues and will unpermitted work affect appraisal? I'm in a dilemma about how to handle this.. Thanks for your input!

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

The appraiser will only notice it if it is obvious, he won't be doing any testing.  Not sure what you mean by "how to handle it", either the appraisers discounts for it, or he doesn't.

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