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Updated over 2 years ago on . Most recent reply

User Stats

7
Posts
2
Votes
Adoni Conze
  • Long Island
2
Votes |
7
Posts

Appraisal for a HELOC

Adoni Conze
  • Long Island
Posted

Hey BP community, I've recently began to manage some properties my grandmother owns. I'd like to tap into the equity in the home to complete repairs by acquiring a HELOC.
within the process there’s the appraisal, im wondering what are some of the things I should watch out for that would make the appraisal come in lower than the est value I see on sites like Zillow, Propstream, Realtor.com etc. 

All help is appreciated!

Most Popular Reply

User Stats

292
Posts
126
Votes
Alex Talcott
  • Attorney
  • Durham, NH
126
Votes |
292
Posts
Alex Talcott
  • Attorney
  • Durham, NH
Replied

#1 risk of a low/wrong appraisal is a bad appraiser -- there's such a shortage and many are weird dudes

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