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re: How accurate is a home appraisal for the mortgage company?
Posted on 11/20/20 at 2:56 pm to StringedInstruments
Posted on 11/20/20 at 2:56 pm to StringedInstruments
If your house needs to be updated, but the house across the street was already updated prior to its last sale, then it’s not actually a comparable to your house.
1
Posted on 11/20/20 at 3:00 pm to Brightside Bengal
quote:
it’s not actually a comparable to your house.
How so? One can estimate how much upgrades might cost.
I could make my house look exquisite for $20k. Does that make it a $295k home? But it’s also larger with more land. Should I expect it to appraise for higher?
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