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All Forum Posts by: Tara Menk

Tara Menk has started 2 posts and replied 3 times.

Post: West Chattanooga contractors

Tara MenkPosted
  • Cincinnati, OH
  • Posts 4
  • Votes 1

Hello! I bought a house in Guild, TN, about 20 minutes west of the city. It needs minor work. Are there investor friendly contractors you'd recommend?

Post: Appraiser can't appraise, now what???

Tara MenkPosted
  • Cincinnati, OH
  • Posts 4
  • Votes 1

Yes, he walked the property and even had to return to the property a second time due to the tunnel door being locked on the first visit. If, for whatever reason, no value can be assigned by this company, I assume I would have to pay to request a second appraisal? I don't expect I can get my money back, but the idea of having to pay a second time is upsetting.

Post: Appraiser can't appraise, now what???

Tara MenkPosted
  • Cincinnati, OH
  • Posts 4
  • Votes 1

I am buying a unique for sale by owner property. It was originally a church connected by a semi-underground tunnel to the rectory. It was then remodeled into a 3 story single family home connected by the tunnel to a duplex. All three units are being run on AirBnB. I am trying to get a residential loan and also use it as a primary residence as a house-hack.

However, the bank told me yesterday that the week-long delay on the appraisal report is because, "the appraiser says cannot complete report because of no comparable sales. Awaiting response from [my] department on next steps." How do I proceed now? I paid almost $700 for an appraisal and I'm not sure how to address this.

Thank you