New appraisal came in at $235k

Appraisal revealed a larger square footage (1441 sqft) than the 1344 sqft on MLS listing.

For example, if the house costs us $150K to build using our own cash and the other 3 bedroom 2 baths in the area are selling for $250K, then lets assume the bank appraises the home at 250K, followed by a renter moving in. 

The only cost upfront would be the appraisal.

Appraised Value increase by $3,000,000 Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

When you refinance with them, they will appraise, and typically offer you between 80 and 95% of the appraised value in cash.

I attended a panel with an appraiser speaking on this subject a few weeks ago.

Pro-Tip: We recommend paying the holding fee for the furniture at least through the appraisal.

This has been the biggest feedback issue from the people who have seen the house...they want a garage.I need to payoff the Hard money lender -$500kOriginally the ARV was (appraised) $670k but its cooled and is more like $625I used the rental calculator - $2500I do not want to pay Nov. 1 mortgage with the increased interest, so if we don't have an offer by Oct. 1 I'm thinking we should rent.

When you factor in property taxes of 1% the appraised price, interest rate of 3.25% for 30 years, and annual insurance of approximately $500, your PITI (principal, interest, taxes, insurance) monthly payment comes out to be approximately $2,000.