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re: Question about home appraisal
Posted on 1/13/16 at 4:55 pm to tigerbandpiccolo
Posted on 1/13/16 at 4:55 pm to tigerbandpiccolo
Appraisals are voodoo math.
An appraiser pulled comps for my house, but refused to include the house that sold across the street because, "it sold too recently."
The deed had been recorded and it was part of official record. Was told because it was not a realtor involved sale they can choose to ignore it.
An appraiser pulled comps for my house, but refused to include the house that sold across the street because, "it sold too recently."
The deed had been recorded and it was part of official record. Was told because it was not a realtor involved sale they can choose to ignore it.
This post was edited on 1/13/16 at 4:56 pm
0
Posted on 1/13/16 at 5:16 pm to tigerbandpiccolo
Yep, and you can illustrate the poor work done by the original appraiser to deny payment so you don't get charged for a 2nd one.
Posted on 1/13/16 at 5:30 pm to llfshoals
Sounds like she's the seller so she isn't paying
Posted on 1/13/16 at 5:40 pm to tigerbandpiccolo
you can order your own appraisal and dispute the banks.
i would consult with your realtor though. that is what they get paid to do.
i would consult with your realtor though. that is what they get paid to do.
Posted on 1/13/16 at 6:10 pm to tigerbandpiccolo
My wife is in this industry and she said "absolutely!"
Posted on 1/13/16 at 6:48 pm to REB BEER
Interior rooms, baths and walls are not required on the floor plan.
Pics of all baths is, pics of all bedrooms not required
Pics of all baths is, pics of all bedrooms not required
Posted on 1/13/16 at 6:49 pm to Rebel
Thanks everyone. We aren't selling at the time, building a house elsewhere.
The upgrades werent to bring it up to par. It is already a pretty new house. Addition was an outdoor kitchen and taking all carpet out of extra bedrooms and finishing with the antique pine flooring so it was in every single room.
I'll be demanding another appraisal tomorrow. Just to clarify for those asking, he left off the bathroom in the count of bathrooms/rooms AND in his sketch. Another appraiser said that could have thrown the entire measurements off.
The upgrades werent to bring it up to par. It is already a pretty new house. Addition was an outdoor kitchen and taking all carpet out of extra bedrooms and finishing with the antique pine flooring so it was in every single room.
I'll be demanding another appraisal tomorrow. Just to clarify for those asking, he left off the bathroom in the count of bathrooms/rooms AND in his sketch. Another appraiser said that could have thrown the entire measurements off.
This post was edited on 1/13/16 at 6:53 pm
Posted on 1/13/16 at 6:50 pm to tigerbandpiccolo
What upgrades did you add?
ETA just read the rest of the thread, never mind.
ETA just read the rest of the thread, never mind.
This post was edited on 1/13/16 at 6:51 pm
Posted on 1/13/16 at 6:53 pm to tigerbandpiccolo
You are not selling but are demanding another appraisal ?
So your doing a refi?
So your doing a refi?
Posted on 1/13/16 at 6:53 pm to tigerbandpiccolo
quote:
appraiser the bank sent
How does that compare with what the county uses for tax purposes?
Posted on 1/13/16 at 6:56 pm to Drop4Loss
No, we aren't refinancing. Building and using some equity for builder downpayment.
Posted on 1/13/16 at 7:01 pm to tigerbandpiccolo
When selling a house, I once had a buyer's bank appraiser treat me with an almost severe burn. The appraiser had come the day before. I got in from work late that night. Next morning, I wake up an almost put my hand in a lit gas stove eye--that had been burning since appraiser checked it. I almost melted a few fingers.
I shared this news with the appraiser and his boss in a polite and docile way (not)...
I shared this news with the appraiser and his boss in a polite and docile way (not)...
Posted on 1/13/16 at 7:03 pm to MikeBRLA
quote:
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.
This is correct IMO. As long as the appraiser included it in the bathroom count and square footage calculation, it does not matter what the floor plan drawing shows.
Posted on 1/13/16 at 7:08 pm to Kim Jong Ir
But he DIDN'T.
Read, people! Geez.
Read, people! Geez.
Posted on 1/13/16 at 7:10 pm to tigerbandpiccolo
The bathroom is an error and you are right to demand correction.
The upgrades, usually upgrades don't affect value much. Houses would sell more quickly if sellers listened to that. The outdoor kitchen might add some value as you could argue it's an improved space. Flooring.., good luck.
The upgrades, usually upgrades don't affect value much. Houses would sell more quickly if sellers listened to that. The outdoor kitchen might add some value as you could argue it's an improved space. Flooring.., good luck.
Posted on 1/13/16 at 7:17 pm to tigerbandpiccolo
Piccolo, you are starting to sound all grown up with these business-like posts... 
Posted on 1/13/16 at 8:25 pm to yellowfin
quote:
appraisals are such a crock of shite
X1,000,000
Posted on 1/13/16 at 8:40 pm to Spankum
I am getting old!
Almost 30 :/
To put that in perspective.. I began around here when I had just turned 18.
Almost 30 :/
To put that in perspective.. I began around here when I had just turned 18.
Posted on 1/13/16 at 9:05 pm to tigerbandpiccolo
quote:
But he DIDN'T.
Read, people! Geez.
OK Dear, my mistake.
Did the appraised value come in lower than needed for your desired loan amount or are you just pissed that you paid for a crappy, inaccurate appraisal?
This post was edited on 1/13/16 at 9:11 pm
Posted on 1/13/16 at 9:11 pm to tigerbandpiccolo
quote:
And he didn't include the 20k of upgrades done. I'm kinda mad.
He increased appraisal by $600 for this upgrades
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