Homes Appraiser » Appraisal

Can I Use A Home Appraisal From 1 Bank For Another Bank?

Rob — Wed, 24 Feb 2010 11:59:31 +0000

I had an appraisal done with my home and it was for a bank. It didnt work out and I have another bank that has a good rate and accepted me on my appraisal quote from the other bank. The problem is; my appraisal was done 2 weeks ago and was using a high comp that was almost a year old. Now the new bank said we can use the appraisal done 2 weeks ago and have it transferred and its a go. The appraiser said it is no longer leagal to do that and would need to do another appraisal. That high comp is no longer available and now the value is down 20 grand which puts me out of the 80 20 rule. In Massachusetts is there any legal way to use an appraisal from 1 bank for another if all parties agree?

We Are Considering Putting An Addition On Our Home. Can You Get A Loan Greater Than Your Homes Appraisal Valu

Rob — Wed, 10 Feb 2010 11:53:34 +0000

we have about $18,000 in available equity. The addition is likely to exceed that amount. Do you know if a mortgage company will lend you more than your home is appraised at for an addition since the value of the home will increase when the addition is complete?

I Am Looking For A Few Tips, Free Or Very Low Cost To Increase The Value Of My Home At An Appraisal.?

Rob — Wed, 27 Jan 2010 12:26:25 +0000

I would like to do anything I can within the next week to make my home value the most it can without putting a bunch of money into it.

Home Appraisal For New House Lower Than Building Cost ?

Rob — Wed, 27 Jan 2010 12:26:22 +0000

We are constructing a new house. Community is relatively new. In this community few houses have be depreciated this year. Is it possible that when we appraise our home, after construction is complete, the appraised value can be lower than the combined land cost and building cost ? In this case can we back out from buying this house at all ? Are we legally bound to buy this property from the builder even if it’s value had gone down.

What Comes First A Home Inspection Or A Home Appraisal When Buying A Home??

Rob — Wed, 13 Jan 2010 11:55:59 +0000

I am buying a house and my mortgage broker told me that he ordered an appraisal on the property before i got my inspection(that turned out to show water damage).Is this right?It just seems to me the you would want to find out if the property is ok before ordering an appraisal.Oh and yes i got a copy of the appraisal if you are wondering.

Home Appraisal Valuation Question?

Rob — Wed, 06 Jan 2010 11:53:17 +0000

I live in CA. I am refinancing and have had the home appraised. The appraiser used two “distressed proeprty” sales, IE short sales, in coming up with the value for the appraisal. As a result the loan to value ratio is not at 80%, and the interest rate is subsequently higher. It has always been my understanding that distressed property sales are not to be included in the comparables for an appraisal, as they do not reflect the true market value of the home which is being appraised. Is this true, or was the appraiser correct in including the short sales for the comparable value?

Why Is A Home Assessment Usually Lower Than A Home Appraisal?

Rob — Wed, 30 Dec 2009 15:23:29 +0000

When looking at property records, it seems that most houses have a much lower assessed value than what the home actually appraised and sold for. Why is this?
For instance: A home is appraised for $100,000, yet the county’s assessment of the property is only $69,000.

Will Construction Of Driveway Increase Home Appraisal?

Rob — Wed, 23 Dec 2009 11:53:18 +0000

We live in a 3-bedroom, 1 bath home. The garage was converted to create the 3rd bedroom. There is currently a concrete driveway graded to an incline, but it has an odd bump in it that makes parking on it nearly impossible for most cars.
If we had the driveway repaved to a flat surface, would this increase our home’s value?

What Constitutes A Home Appraisal?

Rob — Wed, 16 Dec 2009 12:01:53 +0000

I am looking into getting an appraisal and would like to what what to consentrate on before the apprasier gets to my house.

How Much Does Decor Affect Home Appraisal Value?

Rob — Wed, 09 Dec 2009 12:02:52 +0000

I recently bought a townhouse as-is and it appraised for $110. When I’m done painting and replacing all the flooring, the entry way tile and fireplace tile and some of the light fixtures, do you think the appraisal value will increase?