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Question about home appraisal
Posted on 1/13/16 at 4:33 pm
Posted on 1/13/16 at 4:33 pm
appraiser the bank sent came and did an inside/outside appraisal. Left off an entire full bathroom (second biggest in house) in his appraisal, even plotting a closet where the bathroom would be on the page where the building sketch is. There are also several things about this appraisal that seem way off, but is the bathroom being totally missed glaring enough to justify disputing and demanding another appraisal?
16
Posted on 1/13/16 at 4:36 pm to tigerbandpiccolo
appraisals are such a crock of shite
I can't help with question
I can't help with question
Posted on 1/13/16 at 4:36 pm to tigerbandpiccolo
Yes, and I'd want a refund if you paid for the first
Posted on 1/13/16 at 4:36 pm to tigerbandpiccolo
Are you saying they missed it on the floor plan drawing or they missed it in the total count of bedrooms and bathrooms?
The total count is really the only thing that matters. It's not as though it will affect the square footage, as that is taken from the exterior of the house.
The total count is really the only thing that matters. It's not as though it will affect the square footage, as that is taken from the exterior of the house.
Posted on 1/13/16 at 4:37 pm to tigerbandpiccolo
quote:there's your problem
appraiser the bank sent
Posted on 1/13/16 at 4:37 pm to tigerbandpiccolo
I would think replacing a bathroom with a closet would lower your appraisal enough to warrant a do-over.
Posted on 1/13/16 at 4:38 pm to tigerbandpiccolo
quote:
appraiser the bank sent
yea i would definitely get an extra opinion or two.
Posted on 1/13/16 at 4:38 pm to tigerbandpiccolo
wait until you see what value they come back with, and if it's where it needs to be for the loan then it doesn't matter.
if it's lower than you need it to be though, then just tell the bank and I'm sure there is something they can do about it
if it's lower than you need it to be though, then just tell the bank and I'm sure there is something they can do about it
Posted on 1/13/16 at 4:39 pm to tigerbandpiccolo
I'd ask for another appraisal. This may be the only grown person in the world who doesn't know how a door works.
Posted on 1/13/16 at 4:40 pm to Deactived
left out the bedroom in the floor plan. Yet took pics of all the bathrooms. Ridiculous.
Posted on 1/13/16 at 4:41 pm to MasCervezas
The value came back 30k lower than other estimates not from the bank. And he didn't include the 20k of upgrades done. I'm kinda mad.
Posted on 1/13/16 at 4:42 pm to tigerbandpiccolo
well yeah, I would see if I could dispute that then
Posted on 1/13/16 at 4:42 pm to tigerbandpiccolo
Your appraiser was more diligent than some I've seen. I've watched an appraiser literally never set foot inside the house he was appraising.
I'm sure an appraiser will be along shortly to defend his "profession," but as someone said upthread, appraisals are a crock of shite.
I'm sure an appraiser will be along shortly to defend his "profession," but as someone said upthread, appraisals are a crock of shite.
Posted on 1/13/16 at 4:44 pm to Jim Rockford
square footage
comps
invoice
comps
invoice
Posted on 1/13/16 at 4:44 pm to tigerbandpiccolo
The floor plan isn't really important IMO. the important thing is the square footage and number of bedrooms and bathrooms.
Posted on 1/13/16 at 4:44 pm to tigerbandpiccolo
quote:
And he didn't include the 20k of upgrades done
unfortunately, does not matter
Posted on 1/13/16 at 4:45 pm to tigerbandpiccolo
Are you buying or selling?
probably irrelevant to the comps in your area as the 20k spent were on things to help bring the house up to par with the comps pulled.
quote:
And he didn't include the 20k of upgrades done. I'm kinda mad
probably irrelevant to the comps in your area as the 20k spent were on things to help bring the house up to par with the comps pulled.
Posted on 1/13/16 at 4:45 pm to tigerbandpiccolo
An appraiser cant leave off a bathroom if its permitted
Get another one
Get another one
Posted on 1/13/16 at 4:49 pm to SDVTiger
Did the comps have similar upgrades ?
If so neaux adjustment
Was the SF correct ?
If so neaux adjustment
Was the SF correct ?
Posted on 1/13/16 at 4:51 pm to SDVTiger
They didn't leave it off, it just wasn't drawn. As long as it's in the count of bathrooms, that's all that matters.
If she wants to have the appraiser draw it it fine, but that won't change the appraised value.
If she wants to have the appraiser draw it it fine, but that won't change the appraised value.
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