Mike Olson
Trust Sellers Appraisal?
Goodmorning all,
I'm in a situation where the seller of a duplex I'm interested in is providing an appraisal she has already had done. Has anyone ever had their lender use a sellers appraisal? Or will a lender likely...
Anita DeHart
Removing Appraisal Contingency
We recently submitted an offer on a house. The sellers agent recommended we remove the appraisal contingency due to competing offers. She told our agent that there had already been an appraisal and that although she...
Elisa Pinigis
Commercial Appraisal Question
The appraisal district increased our property by approximately $500k / 58% in 2018 without any corresponding changes to the property or neighborhood. Our protest firm failed to attend the informal and formal hearings....
Corey Kenney
HELOC APPRAISAL ADVICE
To make a long story short. I bought my primary as a foreclosure and used a Streamline-203k to remodel everything but the siding. Everything looks great except the siding and the garage doors which are not terrible bu...
Sung Park
Multi family appraisals
Newbie question. Can someone explain how multifamily properties are appraised? Let's say for example, a property is a duplex with 2bd/1ba in each unit and there were no duplexes sold in that area in the past year. How...
Mayer M.
Income based appraisal
Hey all,
Can anyone provide some insight on how an income based appraisal works vs. a traditional appraisal?
My lender will allow me to do either one.
Dean Julie
New appraiser rules
Got this in an email from a real-estate agent. With everything how it currently is, I can see how "they" would make this the new way for real-estate to be done. However, it does seem pretty harsh. Can anybody verify t...
Nick Monge
Property under appraises
I'm in the middle of a 1031. I'm selling a SFH in San Antonio for $168,000 and purchasing a multi family in the same area for $168,500.. However the appraisal came back and the new property appraised at $160,000.. For...
N/A N/A
Appraisal or Comps?
Which do you think is better? I am looking at some properties and they already have appraisals on all of them. But I also have access to professional comps - and they never match.
Vincent Cappetta
Home Appraisal Accuracy
Hello all,I have recently purchased my first home as my primary residence (plan to live there 5-10 years) and am currently going through the mortgage process now. The appraisal done by my bank came back at 25k over my...