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Updated about 4 years ago on . Most recent reply

Account Closed
  • Bronx, NY
27
Votes |
94
Posts

Question about Appraisal double dip

Account Closed
  • Bronx, NY
Posted

I recently had an offer accepted on a single family property in the Pennsylvania area. It took a little while for my lender to find a appraiser to go out to property. They said it was due to the COVID pandemic   When the appraiser came out they wrote a report but did not give a value to the property. On their report they mentioned due to some mold on the bottom of a wall in basement and the fact that the gas was not on they could not give a value. Those things needed to be fixed then they came back out,with an additional cost ,then gave a completed report  My question is is this common or was I taken advantage of.  Thanks in advance  

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