Homes Appraiser » Lower

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.

My Mortgage Is A 5/1 Arm Which Expired & I Want To Go Back To 30yr, But My Home Value Is Lower Than My Mortgag?

Rob — Fri, 22 Jan 2010 11:55:05 +0000

I was planning to sell the house when I first got into the 5/1 arm but home prices went down, I was stuck. the 5 year is up and rates went up. I lost my job and can’t make the higher payments, I talk with the loan company and they say my dept is to high and the home value is too low for refinancing. What am I to do?

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.

If I Combine 2 Bedrooms, Then Build A Bedroom In Our Finished Basement Will It Lower Our Home Value?

Rob — Fri, 04 Sep 2009 11:53:55 +0000

We want to make our master bedroom bigger. Instead of building on, we can knock down a wall to combine the master bedroom with a second bedroom. The bedroom we use for our master bedroom extension can be moved downstairs in our finished basement. The number of bedrooms in the house will be the same that we started with, will this still lower our home value?