I have been working with a GC to build a spec home for me and was able to secure a construction loan with my bank. An appraisal was done and title work completed only to find out the house that was suppose to appraise...

https://www.nytimes.com/2022/0...Story behind the NYT paywall. Summary: Nathan Connolly and Shani Mott are suing an appraiser and a mortgage lender after their Baltimore home was estimated to be worth $472,000. After ...

Hi, BPers
I am in the middle of applying for HELOC on my primary home and the bank sent an appraiser to appraise the value of the house. What he/she did was selecting three comps and adjusted their values based on th...

Hello,I'm seeking a HELOC for my condo and was wondering if anyone had recommendations for banks. I just spoke with Bank of America and it sounds like it will be a slog, like 8 weeks to close on it. Was hoping to clos...

I'm looking to do a third house hack/BRRRR in the next 2 years. I plan to utilize some cash, margin loan, 401k loan, and a HELOC as a down payment.My first house hack (now an out of state investment) has a Zestimate o...

Hi all,I'm in a situation that's probably pretty common (and where the person in my situation is likely wrong).. maybe someone has some input?I was looking into refinancing a SFH that I have, in order to purchase anot...

We're selling a home in Chicago and reached a dead end. Here's the situation: 
We sold a home to a very motivated buyer who waived an inspection and was willing to put down a substantial amount of money. The buyer ag...

My appraiser used Comps over 14 miles away. Is this Wrong?

Hello Everyone,

Here is an article I put together a while back detailing a very basic understanding of the sales comparasion appraisal method (in other words, how to read and understand sales comps.) Enjoy.

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I live in a really expensive market, in Santa Barbara, CA. Buying a small 2/1 home starts at around 800k. Taking advantage of California's new ADU law, I decided to buy one of these small homes and permit an ADU. (A v...