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Updated over 2 years ago,

User Stats

26
Posts
7
Votes
JD Barrera
Pro Member
  • San Jose, CA
7
Votes |
26
Posts

Should I answer an appraiser's question?

JD Barrera
Pro Member
  • San Jose, CA
Posted

Hi all...  I'm in the middle of a cash-out refinance on two properties. We are in the appraisal process and the appraiser reached out to me and asked, "were the properties renovated before or after you purchased them?" 

Am I obligated to disclose this? I feel like the current value of the property should not be relevant to when the rehab occurred. These were renovated before purchase so I feel like this can only hurt my appraisal. Has anyone encountered this before? Thanks!

  • JD Barrera
  • Loading replies...