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Updated over 2 years ago,
Should I answer an appraiser's question?
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!