Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
Appraisal value concerns
😀I purchased a home on an island for 245k on FHA and with 65k Reno. Appraisal came back with $285k. It was appraised as if the Reno was done.reno includes major repairs- new kitchen, bath, fully finished basement. I have a feeling either the numbers are wrong or the home is not worth $245k. I requested from The loan officer to provide CMV of the home without Reno. Officer is kind of refusing to provide.. The home is on an islande . I am thinking of cancelling the deal.. any advise?: