I guarantee you it will be within 5k or less of your purchase price. Appraisals are the biggest racket in the house buying process, among the other things that you get effed on.

3 ...

Report Post

Posted by I Love Bama

Alabama

Member since Nov 2007

37763 posts

Posted on 4/27/13 at 11:27 pm to TigerRob20

Funny. My house just appraised for 53k more than I paid for it. Needless to say, the loan closed.

2 ...

Report Post

Posted by Lsut81

Member since Jun 2005

80328 posts

Posted on 4/28/13 at 6:47 am to TigerRob20

quote:
I guarantee you it will be within 5k or less of your purchase price

bullshite... I've been fricked twice on appraisals.

1st time, the appraisal was off by like 18k... Bothy my realtor and the buyers realtor went appshit on the guy and he moved it about 10k higher, but I still lost out on money.

2nd time, the guy fricked up the measurements and used an investor foreclosure as a comp, it was off by 15k... Took a week of fighting with the guy for him to admit his mistake and change it. He refused to change it for the mortgage guy after officially requesting a review. I had to personally call him and talk to him in order to get him to do anything.

1 ...

Report Post

Posted by Broke

AKA Buttercup

Member since Sep 2006

65061 posts

Posted on 4/29/13 at 9:16 am to TigerRob20

quote:
I guarantee you it will be within 5k or less of your purchase price. Appraisals are the biggest racket in the house buying process, among the other things that you get effed on.

Been a long time since you've bought or sold a house hasn't it?

0 ...

Report Post

Money Talk - Replies to Post

Return To Board

Page 1

Return To Board