Bryan Hildebrandt
CRA Home Loan Question - all advice welcomed
Hi BP!I am in the process of closing on my first property that I plan on house hacking utilizing a CRA loan. The appraisal just came back and I’m having some issues that all advice are welcomed on.The appraisal amount...
Kathryn Bowden
Appraisals, How do we Dispute
We are waiting for an appraisal on a house we have for sale and under contract. I am afraid the appraisal might come in below our contract price. This is because it's already happened with a previous buyer. That co...
Jon Lallande
Appraisal Difference 100k?!
Hi all,
One of my good friends is trying to refinance his house. Within the last month he got two appraisals from two different appraisers. The first appraisal came in at $645,000. Three weeks later, the bank ordered...
Account Closed
Seller not responding with 2 weeks until closing
Currently in the process of buying a home (or so I thought) and I just got the appraisal with two weeks until settlement. The appraisal was $10,000 less than the price we agreed on. Seller was also paying full closing...
Clayneal Pononuihanohano Afaihere Garrigan
How Do I Protect My ARV, from Bank Appraisers that drop $20k-$30k
Whoop! Whoop! YOU bought your very first property for $200,000! You got your rehab budget of $50,000. And after checking the comps you're 'positive' that your ARV is $300,000... After about two months worth of rehab, ...
Ericka G.
Appraisal came back LOW - now what?
Under contract to buy a really unique property, but the appraisal came back like $40k under the agreed on sales price. We are financing this one, so can’t move forward without the seller coming down.
Seller (investor...
Account Closed
HELOC appraisals - why so low?
Hi everyone - is it common for HELOC appraisals to come in lower than conventional mortgage appraisals? Last spring my property appraised for $135k and this past fall it appraised again for $85k. No drastic changes t...
Michael Dunn
1 bed 1 bath " converting " it into .....
a 2 bed 1 bath houseI need some advice , as well as what I can expect please.... once I add a closet , as well as put in an operable window in one of the rooms of this property I am trying to buyA quick backstory :I p...
Roger G.
Killed deal because of appraisal
I was selling my flip property for $199k
I had the property appraised at $205k.
Once I had the property in contract with an FHA buyer, the bank sent an appraiser and she came in at $185k
In her appraisal she wrote tha...
Devin Bost
Why sellers sell for below appraised value?
I'm learning how to fix & flip homes, and I've noticed cases when properties are listed on the MLS for below the appraised value of the property (or so they claim). In the current market, it seems that appraisers ...