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re: Home appraisal help
Posted on 6/3/16 at 9:52 pm to Canard Noir
Posted on 6/3/16 at 9:52 pm to Canard Noir
quote:
There's a big difference in the quality of appraisers but if I were a seller and an appraisal came in that I didn't like, I'd make sure another was done...
15 years ago, I bought a house with a VA loan. The seller did not like the valuation set by the VA appraiser and asked for a do-over. The VA said they could not do another appraisal for 6 months. It was the VA regulations at that time. The seller had to sell in a hurry so he had to sell to me at the lower price.
1
Posted on 6/3/16 at 10:00 pm to ATL-TIGER-732
quote:
15 years ago, I bought a house with a VA loan. The seller did not like the valuation set by the VA appraiser and asked for a do-over. The VA said they could not do another appraisal for 6 months. It was the VA regulations at that time. The seller had to sell in a hurry so he had to sell to me at the lower price.
Yea the only way you would win in that situation is if you weren't a motivated seller. If the appraisal comes in that you don't like, the chances of you selling your house at what you want is very slim. It doesn't matter if you wanted another appraisal or not. The buyer is going to counter your offer at the appraised value.
Posted on 6/4/16 at 2:01 am to Kujo
quote:
Yeah, I bought a house last year and got a deal on it, I knew the guy, sold it way under market to get rid of it(old guy). Son of a bitch appraiser comp'd 6 wood homes in flood areas with no central air.....to my brick home with central air no flood insurance required. Comp'd at the exact sale price, appraiser even noted that he saw the purchase agreement price prior to conducting the appraisal
So get a competitor to do the same appraisal. If what you say is true, he has broken the law. It is illegal for an appraiser to discuss a valuation with either party. Their license would be pulled if they've been so egregiously negligent... I call bullshite because if a valuation is too far off, anybody with a brain would send their own appraiser.
Posted on 6/4/16 at 6:35 am to JJBTiger2012
You have a couple days, you can't do shite to bump up he appraisal.
Posted on 6/4/16 at 7:48 am to fightin tigers
quote:
You are at the mercy of an appraiser. If he decides to frick you then no one can help. The next appraiser just mimics whatever the prenvious said.
THIS.
Home appraisal is opinion made to look scientific. It's similar to the process of a football ref spotting the football and measuring with the chains for first down. Sure, it looks very precise, but it's just a show they out in to legitimize their estimation.
Posted on 6/4/16 at 8:59 am to Capital Cajun
You can't do much to up the value, but you can show you are at least average to good by clearing trash and making sure it doesn't smell like cat piss.
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