Eli M.
SOW for the appraisal
Dear BP family,I was wondering should I prepare a detailed (price per unit, total items rehabbed) SOW for my upcoming appraisal or a short two-page summary is enough?Thank you all in advance,Eli
Simond Wong
Appraisal Approach Help please
Hi All, Going through a cash out refinance for my primary property, I'd like to understand the pros and cons of the different appraisal approaches and how it can impact the appraisal of my property. I did a renovation...
Stephanie Southerland
Finished Basement Appraisal Value??
What is the typical price per square foot given by appraisers on a finished basement in relation to above grade price per square foot? The basement is a bedroom with closet, and large egress window well. Is it about h...
Anderson Milfort
Zestimate vs Local Appraisal
Hi everyone,I have a quick question. How come the Zillow Zestimate amount is significantly different compared to what is on the local appraisal website? The property has a Zestimate of 183,301 but has a "just Market" ...
Stephen Rager
Appraisal, what's the point?
I recently purchased two rental properties, both less than $50,000 each. The appraisals cost roughly $475 each. I'm wondering what was the point? I don't believe they were required to close. Being new to this I did...
Tim Ivory
Appraisal Value vs ARV
Sometimes its tricky finding answers to very basic questions but I need to verify that an appraisal report is usually the current as is value on a property, is that correct. Is an appraisal the minimum current value o...
Jafar Seife
Appraisal and Closing Cost
Listed a property and got an offer for a full asking price. The buyer is an FHA buyer and not asking for closing costs. Instead they are adding closing cost of $3200 to a purchase price. Property listed at $84,800. Of...
Nicolas Biangel
Appraisal Question re: Zoning
Hey everyone, I’m putting in an offer on a proper that needs significant rehab; starting the BRRRR method. In talking with m realtor he told me since the residential property is in a commercial zoning, the ARV apprais...
Brandon G.
Real Estate Appraisal Experience?
My wife was offered a job as a real estate appraiser for a private company which includes free training. We are wanting to know how valuable this experience might be in our real estate investment ventures?
Michael Herr
Property Donation: Appraisal Needed?
I am planning on completing my exodus from the local war zone by donating 2 properties. County assessor has one listed as worrh 12k and the other at 18k.
Can I use those values, or do I need an appraisal? ...