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Updated over 8 years ago,
home value between 2 appraisals within 2 months
Hi
I bought a REO property using conventional financing. The appriasal came over the sale price but its still lower than the market value. This is not an issue for current purchase. But if Iam selling it, say within 2 months, would the new appraisal be similar to the one done 30-45days ago?
There are some improvments iam planning on doing but the condition of the property is not bad now so the improvements are mostly cosmetic. So not sure if the appraisal can be much different from what it is now. Any thoughts?