Pennsylvania Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago, 08/19/2021
Higher appraisal tips
I bought a duplex in Drexel Hill, PA on a hard money loan. I did the reno, and now in the middle of refinancing. The appraisal came at $35K less than my estimate. I made an appeal, but I'm still shy $22K. I elected to get a new loan company with a different appraiser.
I'm hoping to be more prepared this time around. Attend in-person and provide the appraiser a list of repairs I did to the property, before/after pics, and a few strong comps to back my research. I understand I'm not allowed to directly influence the appraiser by saying anything like, "I think this house is worth this much." Are there other strategies I can implement to swing the appraisal value in my favor while treading lightly?
Thank you in advanced,
Michael