All Forum Posts by: Verletta Saxon

@David Avetisyan

Thanks David! I will start with negotiating the price and then move to challenging the appraisal.

@Justin Tahilramani

Thanks Justin!

I am still in the process of buying the home so I'm working with my realtor on negotiations the price of the home.

@Eric VanKirk

Thanks Eric! I agree that the appraisal is working in my favor as a buyer but when I'm ready to sell that will be a sticking point. I am thinking about the end at the beginning of purchase.

@Justin Tahilramani

Thanks Justin! I am not sure what the value was. When the seller originally put the property on the market it was over $290,000 and the appraisal came back under $240,000. When I spoke to the Assessor he said that he could not give me a different value on the home without doing a completely different appraisal with a new set of comps.

@Aaron K.

Thank you

@Aaron K.

There are not a lot of homes in the area a MIL suite. The appraiser said they come up on the market about every two years in this area.

@Aaron K.

Thanks Aaron! The home was built in 1969 and is brick and siding

I am in the process of purchasing a single family 5 bedroom 4 bedroom home with an attached mother-in-law suite. The home is zoned as a single family home. The appraisal recently came back and it seemed low to me so I called the appraiser to get a better understanding. The appraiser said that he did not include the mother-in-law suite (1,000 SQ ft 1 bedroom, 1 bath) in his evaluation of the home. Is this typical?

@John Wijtenburg thank you John!

@Cameron Tope

Thanks Cameron!