Legal & Legislation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

purchased listed, and appraised SQFT that is larger then its legal SQFT
hello,
I purchased a fixer upper SF 4bed one bath in Longview Wa. listing said approx 1500 sqft. the bank ordered appraisal came in at 1511sqft, appraised value was $259K. the house is now remodeled, and rented. I am refinancing, and the new appraisal came in at $360K and only 1230sqft. when I called the new appraiser, they stated that the 6'4" ceiling in the two attic bedrooms disallows its sqft too count towards the living space sqft. This is siting a new guideline that came into affect in April of 2022, which was not followed by the first appraiser, or listing agent in july of 2022 when I purchased.
any suggestions or advice?