Josh Thomas
Sellers past low appraisal not disclosed - do I have recourse?
Hey all,
Using my VA loan to buy a personal home. We have been under contract and appraisal just came back super low.
Going through the ROV process, but just found out an interesting bit. The house was under contra...
Matt Stoltzfus
How to influence appraisal
I have an accepted offer that is 20k over list price. Are there tips on influencing the appraisal or is that something I can't control?
Roc Pilon
Appraisal Inaccurately reported? Has it ever happened to you?
I just purchased a single family home in the downtown area of where I live. I purchased it because when I drove by and spoke with the realtor the cost for what was being sold seemed so crazily low I had my offer in th...
Joe Trahan
Home Appraisals in 2021
Home appraisals are a hot topic in competitive real estate markets such as the 2021 housing market. In this guide to residential real estate appraisals, we’ll break down what home appraisals entail, how they work, and...
Jared Standiford
HELOC appraisal value lower than expected
I am currently going through the process of a HELOC application with a local bank, and have just completed the appraisal step. The value of my home came in a lot lower than expected. The appraisal came in at $270,00...
Prabhakaran Subramanian
Appraisal came back with different SQFT than the listing
Hi,
Recently i bought a house. As part of appraisal, appraisal came back with different SQFT than the listing.
House was advertised as 2006 SQFT and tax record / Builder doc shows the same. Appraisal report shows h...
Jerry Kisasonak
Widespread Appraisal Fraud
We all know that over-inflated appraisals caused a lot of the mess that we're still working through. Appraisers are now on the other side of the pendulum, generally being very conservative with their valuations.
...
Christopher Freeman
Appraiser Missed Two Car Detached Garage in 1st Appraisal
I am looking to refinance a duplex that I purchased in July using an FHA loan, and am trying to get an approximate idea of whether or not there is enough equity to refinance into a conventional mortgage. We paid $163k...
Ron Brady
Remote Appraisals of Homes Could Reduce Racial Bias
In today's New York Times: Remote Appraisals of Homes Could Reduce Racial Bias - The New York Times (nytimes.com)My initial take is that this is a sound move by Fannie and Freddie to address a real issue. If it helps...
Matt Inouye
BRRRR - Low Appraisals
Hi BP Community,I recently encountered a situation with my primary residence that got me thinking about how it might impact my use of the BRRRR strategy.I recently refinanced my personal residence with about 60%LTV. ...