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Questions about appraisals
Posted on 8/3/09 at 11:34 am
Posted on 8/3/09 at 11:34 am
Is it still the trend for government loan appraisals to come in under the conventional loans appraisals in this market?
Example:
House lists for 100,000
GOV appraisal comes in at 92,000
Convet loan comes in at 102,000
I guess what I am asking is there a percentage vaule that the GOV appraisals come in under the convent loans vaule. 1% or 3% or does it very in your area??????
Example:
House lists for 100,000
GOV appraisal comes in at 92,000
Convet loan comes in at 102,000
I guess what I am asking is there a percentage vaule that the GOV appraisals come in under the convent loans vaule. 1% or 3% or does it very in your area??????
1
Posted on 8/3/09 at 1:50 pm to camweb68
It doesn't matter whether it's government or conventional, the values will be the same. The variance is with the appraisers who are doing the work.
Posted on 8/3/09 at 2:18 pm to ds1tiger
the value should be the same. it all depends on your area.
Posted on 8/4/09 at 7:55 am to displacedhorn
Thanks for the reply. I always thought that they were diff.
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