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Is it typical for an appraisal to come back almost exactly what you're purchasing the property for?
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Does anybody have suggestions on any virtual appraisers out there who will do work for investors rather than banks? We have a property in a trust where the grantor has recently passed, and we need to establish a "ste...
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How significant is the tax appraisal of a property? I'm looking to flip a property and the comps for the area are showing properties of this type are selling for 55-65k but the tax appraisal on the property is 6700. H...
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I have been reviewing an Appraisal Report sent to me by a Seller. Report was done in April 2013. House was left to gentleman by his late mother. His 89 year old aunt resides in the property, but they are trying to fin...
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Is the tax appraisal value generally lower than market value? Is this what the banks look at when deciding what the "value" of the home.
For example If someone was to wholesale a house for 40k and the tax appraisal of...
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Hey folks!
I need some help with trying to narrow down the appraised value of a home. I understand it wont be 100% accurate, but I wanted to get a better idea. I've got some comps to go off of if needed.
Any profes...
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I’d like to hear from some of the more experienced investors if there are any tips you can share on how to increase the chances of receiving a higher appraisal after the renovations have been done?I’m not necessarily ...
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So just got an appraisal back on a renovated duplex I'm financing. The appraisal came in lower than I was hoping for and upon digging into it, the appraiser used 3 comps. The breakdown consists of:Comp 1- A property w...
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How does the 'market value' on the CAD usually compare with the actual comps on a property? If there aren't any good comps in that area could I make an offer using the CAD market value? In the area I work in I driv...
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I've been talking to someone that is a similar situation as we are. They have a newer house (a few years old), that was built on a lot in an established neighborhood. The former house had burned down. The houses in th...