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Calling all real estate appraisers!
Posted on 4/10/17 at 6:54 pm
Posted on 4/10/17 at 6:54 pm
I'm looking to get the PMI on my mortgage removed and I've got a question.
When I bought my house, every record/piece of paper work (including the tax assessor website) indicated that my house sat on .42 acres. This is the number that was used in the appraisal when I went through the home-buying process. I always thought that it seemed a bit low.
Shortly after the purchase, the tax assessor website showed my plot as being 1.81 acres. No bullshite. This is what my property tax bill showed this year as well. I've never been able to figure out exactly how/why this happened. If anyone has any thoughts please feel free to share.
My real question is this. What will the added 1.4 acres of land do to my home's appraisal value? I'm trying to drop that PMI.
When I bought my house, every record/piece of paper work (including the tax assessor website) indicated that my house sat on .42 acres. This is the number that was used in the appraisal when I went through the home-buying process. I always thought that it seemed a bit low.
Shortly after the purchase, the tax assessor website showed my plot as being 1.81 acres. No bullshite. This is what my property tax bill showed this year as well. I've never been able to figure out exactly how/why this happened. If anyone has any thoughts please feel free to share.
My real question is this. What will the added 1.4 acres of land do to my home's appraisal value? I'm trying to drop that PMI.
This post was edited on 4/10/17 at 7:06 pm
7
Posted on 4/10/17 at 6:58 pm to OMapologist
You didn't know the exact size when you bought it?
Posted on 4/10/17 at 7:32 pm to OMapologist
Sounds to me like the appraiser blew this one. I can understand you not knowing the difference in size, but how the heck did the appraiser miss that?
Did they even go out to the property?
Did they even go out to the property?
Posted on 4/10/17 at 8:54 pm to OMapologist
My house and pond are over 50 years old. County appraisers have been coming here every 4 years like clock work. This is the first time an appraiser "realized" I have a pond in spite of having to drive past it to get to my house.
One year the country appraisers tried to claim I had added onto my house, which never happened. Fortunately we had a recent appraisal and had past paperwork from the county to verify the house was the same size then as it was before I bought it.
Basically, many appraisers seem to be giant idiots at best and corrupt at worst.
Keep all paperwork from appraisals as long as you live where you live.
One year the country appraisers tried to claim I had added onto my house, which never happened. Fortunately we had a recent appraisal and had past paperwork from the county to verify the house was the same size then as it was before I bought it.
Basically, many appraisers seem to be giant idiots at best and corrupt at worst.
Keep all paperwork from appraisals as long as you live where you live.
Posted on 4/11/17 at 7:54 am to OMapologist
What does the legal description on your deed say? That's what you own, no matter what the tax assessor says.
Posted on 4/12/17 at 12:06 am to OMapologist
just confirmed that appraisers are still worthless
thanks
thanks
Posted on 4/12/17 at 12:24 am to OMapologist
I'm thinking you don't actually own an extra acre and a half. I mean, I just don't see how anyone with a pulse (including you) would miss that difference. Perhaps your land was subdivided before it was sold to you and the tax collector has conflicting information?
An acre is 43,560 square feet. You should be able to know if you are above or below an acre very very easily.
Good luck.
An acre is 43,560 square feet. You should be able to know if you are above or below an acre very very easily.
Good luck.
Posted on 4/12/17 at 12:14 pm to OMapologist
Is your lot half the size of a football field or nearly 2 football fields?
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