Brandon Thomas
Extremely low appraisal
I've been searching and grinding and finally got my first fourplex into escrow. Asking price is 375k and today the dreaded appraisal came in at 300k. How do I tell the seller the property is way over priced when they ...
Joe Boggin
HELOC and appraisals?
how long after a gifted property is in my name before i can get a HELOC? do some banks have a minimum amount the will lend? i know banks lend in the 60-90% LTV, but what if the property only appraised for 47k?
wh...
Ed O.
Another Appraiser Nightmare
I think this place could be a great place to have a blacklist of appraisers after my recent experience. I know the admin is afraid of legal consequences, so does one exist, a black list of garbage appraisers?
I rece...
Ryan Ahlgrim
Oklahoma City Appraiser
I have a SFH in NW OKC I'd like to have appraised. My plan is to use the equity in the property for a down payment on another. I know a lender who is willing to work with me on the deal but he needs a recent appraisal...
Matt Faix
203k Loan Appraisal
Anyone with 203k loan experience - We are working on our first 203k loan and have made it through a few of the steps (contractor bids, inspection, etc), but we have not yet had the appraisal completed. My understandin...
Michael Valenzuela
Appraisal problems again
I am under contract to buy these 2 SFH that are currently being rented out. Had the inspections done and nothing major came back. We planned on going in and spending 10-15k to bring property up to par. The appraiser i...
Christine Smith
HELOC, Refi, Appraisal?
We just finished a standard refi on our 2-on-a-lot to get out of our FHA loan, and reduce our interest rate. It's finally finished (after 4-months) and we ended up getting a real low ball appraisal. We didn't challeng...
Matthew Gardner
Appraised Value Lenders
Hello BP!I am curious if anyone works with lenders that lend immediately based on appraised values of properties. I recently purchased a fully stabilized property, 35k under appraised value. At the same time I am look...
Mark Grozen-Smith
Maximise Appraisal Value
Hey BP friends,
I'm about to close on a property in CA which I'll be using for AirBnB. My partners and I bought it all cash and, before we refi, we want to do what we can to maximize the appraisal. The market is hot...
Derek Meyer
Duplex Appraisal Question
My wife and I just bought our first duplex. With our local market we got into a bidding war above asking price but I bet that others are not considering the recent hikes in rents in my area. Purchase price: 283,000Ren...