Opinion Request on Rebuttal of Appraisal (Tidewater)
Hi, We received a very low appraisal value and we are in the process of submitting a rebuttal. The property received multiple offers and was sold within days of relisting (previous buyer was not able...
View ArticleBank Not Requiring an Appraisal
Hello all. An interesting text came across my phone today from friend buying a house I and wanted to know if anyone else has heard of this occurring. Just to throw this out there - I am 30, training to...
View ArticleVariance Between Two Appraisals Of The Same Property
I was in the process of buying a property. Due to the unique nature of the property the owner had an appraisal completed in Sep 2019 to establish the value and selling price. The seller's appraisal...
View ArticleSupporting GLA adjustments
Looking for help with different methods on supporting GLA adjustments,
View ArticleDo I need railings? And question about comps
I'm so glad I found these forums! I have a few questions. I will be getting my house appraised for a cash out refi with Fannie Mae standards. My lender said to expect the appraiser to come in the...
View ArticleMixed Use property comps
Please forgive my lack of knowledge first off, I am an extreme novice to all of this and just now starting my journey. My wife and I are looking to purchase and renovate a mixed use or newly rezoned...
View ArticleThink I'm being scammed... can I ask how much the appraiser charged?
I'm in the middle of a refinance with Amerisave. (I think this may be the last day with them...just doesn't seem right). They have done a bait and switch in terms of rates they quoted and then rates...
View Article"As completed" appraisal
I'm currently researching the Fannie Mae homestyle and 203 loan process. Stipulations state that prior to receiving the loan and to help the appraiser, the buyer must submit a construction plan either...
View ArticleMobile home, determining if HUD or pre-HUD
Hello, I have here a photo of what I think is the data plate. It does not contain a serial number or date of manufacture. Does this prove the mobile home is pre-HUD, or is it still possible it was made...
View ArticleHow do you appraise a property with environmental contamination?
I'm new here and I'm not really an appraiser like everyone else here. I'm an environmental consultant. We are routinely blowing up real estate deals when we find contamination. In the sequence of due...
View ArticleMarshall &Swift Frequency of Publication
Does anyone know how often the guide book for cost data used to be updated between 2004 and 2007? Also, was it customary to use the same edition for more than a year? Thanks in advance for your replies.
View ArticleCost to install an internal staircase...
Not an appraisal question. More of a personal cost question. Let's say there is a duplex, one unit right on top of the other. Let's say this duplex can legally be turned into an SFR. How much do you...
View ArticleFee Simple VS Condo Fee Simple --- for a townhome ?
Hello... seeking your input & thoughts; builder's sale office is telling me ownership is CONDO Fee Simple while I think it's FEE SIMPLE Here's the scenario: - appraising a 3-story new construction...
View ArticleHighest and Best Use
I'm appraising a 2 Family to be rehabbed. I've determined it's highest and best use is Single Family. I can't remember...am I allowed to appraise it as a 2 Family even though it's habu is single? Or,...
View ArticleBrand new pool
Hi everyone! Just wondering if you adjust at a higher $ amount for a brand new pool verses and older established pool. I am appraising a house and the homeowner just spent $70K on a brand new Mack...
View Article1004MC
1004MC is not required anymore. However, a lender is asking me to Including: List-to-Sale Price ratio, Absorption Rate Months of Housing Supply. Effect of Forclosures in mkt I haven't been asked this...
View Articlegutted kitchen
have an appraisal for a house that gutted the kitchen but still has a legal kitchen in the basement. Is it considered habitable? Will a lender reject the mortgage?
View ArticleComparable’s
When selecting comparable’s that have similar amenities to subject property how does one select some if non are available? My property is on 2 acres with a large shop. It also had hardi siding with a...
View ArticleHave questions...
My mom me and our family are trying to buy a property that we all feel is our dream home. It is a foreclosure and had some issues in one of two detached garages on the property. It sat empty for close...
View ArticleLog House Appraiser
Hi, here writing from Foster County, North Dakota. I'm going to sell my custom log house (real full log) seated on 27 acres, part shelter belt, part yard, part pasture, with two shops (one insulated...
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