SxyPrincess
New Member
Nope! I think quoting myself does...Originally posted by SxyPrincess
Does that make me a
Home appraisal
- Thread starter Christy
- Start date
SxyPrincess
New Member
SxyPrincess
New Member
cattitude
My Sweetest Boy
Originally posted by Christy
The thing that sucks about comparing our house to sales of houses within a mile of ours, is that they are all much smaller than mine.
Christy, they do try to match size, etc. They compared our house to houses 12 miles away..go figure....(and this was three different appraisal companies).
Our home always appaised for more than we expected.
Originally posted by Christy
The thing that sucks about comparing our house to sales of houses within a mile of ours, is that they are all much smaller than mine.
We had a heck of a time get comparables in our area for the new house. Because we live in such a rural area, there's not many, if any, new homes within a mile of us that are one story. I think it took 3 different appraisers before the bank found one that would use comparables that matched more closely to our home and weren't within a mile of the house.
SxyPrincess
New Member
I LOVE this website. Good find Kwillia.
cattitude
My Sweetest Boy
Exactly. Last time I refied..did it online..got a great rate and reduced my loan by 10 years. They even came to my place of work for settlment. No muss...no fuss. If you don't plan on moving, you don't care who does the appraisal as long as you get what you need for the refinance. The only time you care what the "true" appraised price it is when you sell your home.
SxyPrincess
New Member
Nope, not really...Originally posted by Barbra
I guess being honest and forthright isn't important anymore.
Christy
b*tch rocket
I think it's all relative anyway. I've yet to fully understand the whole appraisal deal. To be quite honest, when I saw the selling price for my house after looking at a billion different places, I thought it was a misprint, and there was no way it could be selling for so cheap compared to other houses in the Southern MD area. Granted, it was listed $20K under the appraised value. Everyone is always very shocked when they find out how much we paid for our house.
It's worth a million to us, and we'll never sell it.
It's worth a million to us, and we'll never sell it.
K
Kizzy
Guest
Christy,
You will be surprised when the appraisal comes back. I refinanced my house 2 years ago from 8 3/4 to 7.25 (30 year loan) , and I just did it again to 5.25 % (15 year loan). I was surprised that the house appraised for $25,000 more then it did 2 years ago. We did enclose a porch and put in a gas stove, but both jobs combined cost less than $5,000 (we did the work). We have a custom built cap cod, 2870 sq feet, 4 bedrooms, 2 1/2 bathrooms, with a 1 car garage that appraised for $225,000.
I thought that was high, until I picked up a Homes Magazine for the Southern Maryland area. It is unbelievable the prices of homes today compared to 2 years ago. I know we will not be moving anytime soon, because I don't want to scrap up the household income to make a mortgage payment.
I think when the interest rates go back up, the house values will go down.
You will be surprised when the appraisal comes back. I refinanced my house 2 years ago from 8 3/4 to 7.25 (30 year loan) , and I just did it again to 5.25 % (15 year loan). I was surprised that the house appraised for $25,000 more then it did 2 years ago. We did enclose a porch and put in a gas stove, but both jobs combined cost less than $5,000 (we did the work). We have a custom built cap cod, 2870 sq feet, 4 bedrooms, 2 1/2 bathrooms, with a 1 car garage that appraised for $225,000.
I thought that was high, until I picked up a Homes Magazine for the Southern Maryland area. It is unbelievable the prices of homes today compared to 2 years ago. I know we will not be moving anytime soon, because I don't want to scrap up the household income to make a mortgage payment.
I think when the interest rates go back up, the house values will go down.
Uh, Christy, I don't suppose it's occurred to you to ask Barbra about appraisal value? I mean, because she works for an appraiser and all. 
We just refi-ed our house and guess what that bad boy appraised at? $300,000! Yes indeed! And you've seen our house - it's just a house, no biggie. I about choked!
It helps if you've just had a neighbor sell for a big sum - I guess it's what comparable houses in the area are going for, dunno, but the appraiser seemed to be very interested in what our neighbors' house went for.
We just refi-ed our house and guess what that bad boy appraised at? $300,000! Yes indeed! And you've seen our house - it's just a house, no biggie. I about choked!
It helps if you've just had a neighbor sell for a big sum - I guess it's what comparable houses in the area are going for, dunno, but the appraiser seemed to be very interested in what our neighbors' house went for.
Mr Speedo
New Member
I got two appraisals two yrs ago that resulted in a 15K delta! If you're lucky, or know someone in the business, I believe you'll get awfully close to what you're looking for in a refinance, provided your finance company does its job.
However, all bets are off if you're selling. Value is then truly dependant on the condition or "curb appeal", coupled, of course, with the true market value. In my humble opinion.
Yours,
JBS
Christy
b*tch rocket
Originally posted by vraiblonde
Uh, Christy, I don't suppose it's occurred to you to ask Barbra about appraisal value? I mean, because she works for an appraiser and all.
We just refi-ed our house and guess what that bad boy appraised at? $300,000! Yes indeed! And you've seen our house - it's just a house, no biggie. I about choked!
It helps if you've just had a neighbor sell for a big sum - I guess it's what comparable houses in the area are going for, dunno, but the appraiser seemed to be very interested in what our neighbors' house went for.
Good job!!! I bet it was the paint jobs!
Barbra's boss appraised our house the first time! We've been pm'ing.
I see the crappiest houses in Mechanicsville going for between $250 and $350K! Mine looks WAY better!