If you decide to refinance and pull cash out, you can get up to 75% of the appraised value on a conventional loan.

We sent the appraiser out today and will be getting final values out soon!

Additionally, the VA is likely going to be making changes to their appraisal requirements to require appraisers to be less stringent in determining the value.

Then had to do an appraisal and the value came way lower than expectation.

My concern is if the property does not appraise for sales price what options do have besides paying the difference.

How can I force appreciation of the duplex and what will the appraiser look for if they cannot find anything to compare the property?

I want to refinance asap after rehab but I've heard that the house won't appraise to its full ARV if refinanced within the seasoning period of 6 months and that you've to wait out entire seasoning period to appraise to full ARV.

Seasoning period can also be required to make sure the property appraises.

Curious if any certified appraisers who are willing and available to allow a trainee to shadow them?

We estimate the After Repair Value as follows:We find the similar properties that have sold within the last 6 monthsThe properties must be in the same community and within a one mile radiusThe properties must be updated and/or renovated (If we're going for rental quality we'll look for properties that look like rental quality If we're going for condo quality we'll look for condo quality)The room count, bedroom & baths, must be similar (we'll make adjustments up and down if they are not similar)The square footage must be similar (We'll make adjustments if the difference in square footage is too large)We'll look for a minimum of 5 similar properties- We use 5 because when we have to challenge an appraisal they ask for 5 properties as part of the challenge)We use the MLS & a system called REMINE to find the similar properties.