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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Reduced appraisals by AMC's and review appraisers Posted by jr on May 05, 2010 at 10:51 AM In Reply to: Re: Reduced appraisals by AMC's and review appraisers posted by Nick on May 05, 2010 at 10:10 AM How similar was the house across the street? same sqft/brm/bath? condition? Was the only difference between your property and the one for $460K was the Granite and Landscape you upgraded? Are you sure there wasn't any structural issues with the property across the street? Happy to hear you got a higher price, just sounds like there is more involved than granite and landscaping. Just because you are in contract for $640K doesn't mean it is worth $640K. If you believe that your property is worth $640K than giving the lender 2 comps, similar to your property, that sold for more or equal to the $640K in the last 3 months and a couple of recent listings similar that were over the sales price of $640K and submit them to the lender to rebut the 1st appraisal. If you did that and the appraiser didn't look at it, than he sucks. : : where Granite and Landscaping would add $150K : some zip codes: 94087, 94086, 95051, 95014 : Sold for 600k 'fixed up', similar house across the street is : listed for 3 months at 499k and gets no offers. : They dropped the price to 460k and still no offers. : My property was in contract for 640k but the appraiser sucked, : thus only 600k. Follow Ups: Re: Reduced appraisals by AMC's and review appraisers Nick 2:10 AM, 05/06/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : How similar was the house across the street? same sqft/brm/bath? condition? Was the only difference between your property and the one for $460K was the Granite and Landscape you upgraded? Are you sure there wasn't any structural issues with the property across the street? Happy to hear you got a higher price, just sounds like there is more involved than granite and landscaping. Just because you are in contract for $640K doesn't mean it is worth $640K. If you believe that your property is worth $640K than giving the lender 2 comps, similar to your property, that sold for more or equal to the $640K in the last 3 months and a couple of recent listings similar that were over the sales price of $640K and submit them to the lender to rebut the 1st appraisal. If you did that and the appraiser didn't look at it, than he sucks. : : : where Granite and Landscaping would add $150K : : some zip codes: 94087, 94086, 95051, 95014 : : Sold for 600k 'fixed up', similar house across the street is : : listed for 3 months at 499k and gets no offers. : : They dropped the price to 460k and still no offers. : : My property was in contract for 640k but the appraiser sucked, : : thus only 600k. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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