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I have a question about the seemingly subjective nature of appraisals. As I previously mentioned, I got a good deal on my personal residence, renovated it, and plan to realize a profit when I sell. I recently spoke ...
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I'm not sure if this is the right forum, but here it goes. We're looking to sell the townhome we live in. The home is a 24x48' attached middle townhome. It is four levels. You enter on the second floor, which in t...
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Hello All,I know the HCAD appraisal value is not determined based on the sales price. But I have noticed the next years county appraisal value always (most of the time) comes right in line with the sales price which ...
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I have started discussions with lenders to refinance a MF in Phoenix and I was curious about appraisals and the cost incurred by them.Quick background: There are currently 10 CLOSED listings from the past couple of m...
Managing and Challenging the Appraisal Process
Recently, I’ve charted an increasing number of complaints from real estate owners and syndicators with respect to the results of an appraisal.
I’ve seen appraisal grie...
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Is it true that the appraisal comes only after an offer is made or better yet on contract?
Please explain!!!
Thanks
Hello,I'm looking to see if there is a simplified way of finding values per area, possibly per zip code, for things like price per bedroom, bathroom, etc.I did some google searching and came up empty handed.I'm lookin...
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Investors, do you have a close partner or friend that conducts an appraisal off the record to give you a more accurate number versus using a CMA for your duplex/triplex?Is it true that appraisers use another system al...
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I'm in the process of refinancing a hard money loan. I bought a nice property, fixed it up and it is now rented on a 12 month lease. So far so good.
the original appraisal was for 90K, and I borrowed 50K. The...
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I am a real estate and got the email below from clients. Please help!
We just received our loan commitment letter from the bank, along with the appraisal. The appraisal generally looked good, except for one issue: th...