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Updated almost 3 years ago on . Most recent reply

Adoni Conze's profile image
Adoni Conze's profile image
Adoni Conze
  • from Long Island
  • Member since Apr 7, 2022
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Adoni Conze's profile image
Adoni Conze's profile image
Adoni Conze
  • from Long Island
  • Member since Apr 7, 2022
Connect
Adoni Conze
  • Long Island
2
Votes |
7
Posts
Creative Real Estate Financing

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!

Philadelphia, Pennsylvania
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Alex Talcott's profile image
Alex Talcott's profile image
Alex Talcott
  • Attorney
  • from Durham, NH
  • Member since Aug 21, 2019
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Alex Talcott's profile image
Alex Talcott's profile image
Alex Talcott
  • Attorney
  • from Durham, NH
  • Member since Aug 21, 2019
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Alex Talcott
  • Attorney
  • Durham, NH
126
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292
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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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