re: Calling all real estate appraisers!

I spoke with property tax assessor responsible for my neighborhood and the guy who did the appraisal when I was purchasing the home.

The both said essentially the same thing, which was nothing. They said that the .42 acre was wrong. When the county went to do it's property appraisal check (presumably because I had just purchased the home), the realized the error and scored it at 1.8 acres. The appraiser was slightly embarrassed when I called him, he said he should've caught it, but he just typically uses whatever information is out there.

I suppose I knew that it was always more than .42. That number always seemed small to me. I guess I just assumed the county would have had the number right. My house is 65 years old. I've got no clue how long they had the plat size wrong for.

2 asides:

- The appraiser looked at a comp for me when I called him. He said that judged off that first comp that my home appraisal value would increase (enough to take off the PMI)

- He basically also said if I refinanced with a certain broker who used him as the appraiser that my home would most definitely have a high enough appraisal to drop the PMI. What a sham. I would take him up on this offer, but I'm locked into a good rate and the costs of doing a refi would probably negate dropping the PMI. I'm just going to request PMI cancellation through my current mortgage provider and hope they pick an appraiser that gives my home the value it needs.