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Message
re: Property Appraisal Question
Posted on 11/15/23 at 7:57 am to CocomoLSU
Posted on 11/15/23 at 7:57 am to CocomoLSU
It’s reasonable to question using the packaged unit if there are other single comps available. Keep in mind the comps should be around the same age though.
I ran into an appraisal issue years ago when refinancing my last home. It was obvious the appraiser was just lazy, using comps he must have used for other appraisals (different style homes from miles away when there were a number of recent sales in my neighborhood with my home style). For purposes of my loan it didn’t matter, but I did point it out to the bank to make them aware of the issue.
I ran into an appraisal issue years ago when refinancing my last home. It was obvious the appraiser was just lazy, using comps he must have used for other appraisals (different style homes from miles away when there were a number of recent sales in my neighborhood with my home style). For purposes of my loan it didn’t matter, but I did point it out to the bank to make them aware of the issue.
1
Posted on 11/15/23 at 1:12 pm to Free888
quote:
I ran into an appraisal issue years ago when refinancing my last home. It was obvious the appraiser was just lazy, using comps he must have used for other appraisals (different style homes from miles away when there were a number of recent sales in my neighborhood with my home style). For purposes of my loan it didn’t matter, but I did point it out to the bank to make them aware of the issue.
Appraisals are scams and just CYA for a bank to cover their asses.
I had to get an appraisal for my refi a few years ago and the dude walked around my house for 10 minutes and asked me what I paid for the house and magically that was the "appraised value" on his report.
I had to pay $450 for this lazy arse to do nothing.
frick appraisers and their scam arse "service".
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