All Forum Posts by: Damein White

So my property is at the edge of a city limits 3 house to the right starts a new city and my appraiser said i can only use comps in my city limits i can’t go out of my city limits

has anyone else experience this or have information on if that is correct

1 Vote

Cleveland, Ohio

Quote from @Bob Stevens:

Quote from @Damein White:

Quote from @Bob Stevens:

What does that even mean?

Corporate housing dealing with insurance claims is when some files a insurance claim do to a fire or flood … etc and they stay at your house instead of a hotel so they can still have a house instead hotel to be more comfortable

You mean at the house you live in and they get a room ?

No I’m not sure what took you down that road but just as stated they would stay at a property you own that’s for rent maybe that explains it better

0 Votes

Cleveland, Ohio

Quote from @Bob Stevens:

Quote from @Damein White:

So my appraiser came and did my appraisal but from the jump he was letting me know we are not cool he didn’t like i did accent walls, he didn’t like i had a mini split in each room he said i should just get a furnace. He told me he was going to not comp my house for my area but the city i stay in so many words. I just stop talking and just followed and spoke when spoken to

And he low balled me

Mind you i have a new kitchen new bathroom room all new plumbing and electrical i gutted this house to the studs and my house is almost $40k lower if sold at this price cheaper then lowest house over here that sold

Address? I will tell you in 20 seconds what it worth

I just connected so can send you address

0 Votes

Cleveland, Ohio

Quote from @Mark Munson:

Hi @Damein White

You can dispute the appraisal, you'll just need additional comps to do so. Every lender on BiggerPockets has probably disputed hundreds of appraisals, I know we have and usually with great success, assuming there was an error or a failure to use clear, similarly spec'd comps. If a dispute doesn't work, ask the lender to order a new one. It will likely cost you more money, but you probably won't have another alternative. If the lender refuses, use a different lender.

Thank you

0 Votes

Cleveland, Ohio

Quote from @AJ Exner:

Quote from @Damein White:

And he low balled me

Man, unfortunately its a tale as old as time. My gut says you would be best served ordering another appraisal and staying far away from that appraiser. You could provide comps nearby and try to dispute but it can also be a losing battle. I've had clients that we've disputed, got low balled again, and just ordered a new appraisal and got what we expected. Hate that it happens, but it definitely can.

Might need to calculate what your time is worth and deciding next steps from there.

Good luck!

Thank you

0 Votes

Cleveland, Ohio

Quote from @Robin Simon:

Quote from @Damein White:

And he low balled me

This is from the appraiser through your refinance lender?

Yes

0 Votes

Cleveland, Ohio

And he low balled me

0 Votes

Cleveland, Ohio

Quote from @Bob Stevens:

What does that even mean?

0 Votes

Cleveland, Ohio

I'm ready to do the DSCR FOR MY REFINANCE PLEASE SEND GOOD REFERRALS IN CLEVELAND IF YOU HAVE ANY

5 Votes

Cleveland, Ohio

No boiler but it a bottom unit so not hard to do boiler but in also want AC for this hot summer

Quote from @Jack Krusinski:

Hi Damein. I would say it all depends on the difference in HVAC quote. Does it have a boiler already, and you are considering putting in a mini split and keeping the boiler? Or what is the situation/current set up?

0 Votes

Cleveland, Ohio

All Forum Posts by: Damein White

Damein White has started 37 posts and replied 86 times.

Post: Are appraisals limited within a city limits

Post: Any doing corporate housing with insurance

Post: How to deal with a bad appraiser

Post: How to deal with a bad appraiser

Post: How to deal with a bad appraiser

Post: How to deal with a bad appraiser

Post: How to deal with a bad appraiser

Post: Any doing corporate housing with insurance

Post: Good bank that DOES DSCR

Post: Mini split or furnace