Skip to main content

Appraisal can back lower than selling price.

Hello, I have an issue. I’m selling my home for 200k which I and my realtor believe is more than fair for the home. We had an inspection and everything came back perfect. The survey came back perfect as well.

The problem came with the appraiser. It came back $174. I have cameras around the house, so I was able to receive recordings and timestamps of his visit. He was scheduled to perform his appraisal from 12pm to 1pm. He arrived 30 minutes late and spent 5 minutes outside and less than 5 minutes in the house. He only walked into one room and neglected the two bedrooms and bathroom. We was in and out in less than 5 minutes.

In total he was at my house for just less than 10 minutes. My realtor was shocked to hear this.

Was I treated unfairly, or is this par for the course?

submitted by /u/JosephCraftHD
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1u1cdnt/appraisal_can_back_lower_than_selling_price/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/