And just as Rafael wisely pointed out, do some homework to understand the comps in the area so you can accurately anticipate what the appraised value might look like.  

…Dates and amounts of the last 3 rent increasesSigned rules and leases for each residentNames and contact information of professional service providers including lawyers, accountants, engineers, insurance brokers, inspectors, appraisers, realtors/brokers, etc.

I am in the process of updating the records with the county to ensure a smooth appraisal / refinance.

Even after paying for a years of insurance, phase one environmental, appraisal and so on...we ended up only having $2100 total out of pocket to close it.

This property took a lot of time to sell and eventually received a less than favorable appraisal, so it was a triple.

I've seen seasoning become a factor when wanting to do a Cash-Out Refinance based on an After Repair Value (after renovations are completed) to use the newly appraised value.

Recently received an update from my realtor that several appraisers are passing on the building and 1 in particular even called my realtor and shared information that he shouldn't have, such as: inquiring if there is a relation between myself and the seller, agreed numbers are strong but shared it will not appraise for what I'm paying and to reconsider me being in the deal and use the appraisal as a reason to get out of the deal...really odd and the realtor agreed.My question is, why would appraisers turn down the 4 unit building and why would that particular appraiser share so much and then not be the one to do the job?

yes, we had it immediately appraised at 400k at the time, and we put about 20k in the remodel What was the outcome?

The property appraised at $115k two years ago and I'd say in this market it's now worth $125-$130k.

Hi all,I’m interested in learning more about becoming an appraiser and am wondering if anyone has recently gone through this process.