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  • August 16, 2010 at 12:26 PM #17841
    Coronita
    Participant

    So I got my appraisal back for my home that I’m refinancing.

    The question I have is, are appraisals done by the bank’s appraiser still high in the sky daydream mode or not?

    The reason why I’m asking is because this home was purchased in 2004ish..Not peak peak, but still pretty high. No updates, upgrades,etc. And the freakin appraisal comes back the same amount it was appraised in end of 2005…

    What gives? My property tax reassessment has gone down and much below. Why are these appraisals still coming back ridiculously high? I wanted a reasonable estimate, not something absolutely ridiculous…It’s not that I’m trying to take cash out or financing the majority of it: LTV is pegged at 46%.

    August 16, 2010 at 12:29 PM #591531
    (former)FormerSanDiegan
    Participant

    It may or may not have any real merit.
    Report back when the underwriter allows the appraisal value to stand (or not).

    August 16, 2010 at 12:29 PM #591623
    (former)FormerSanDiegan
    Participant

    It may or may not have any real merit.
    Report back when the underwriter allows the appraisal value to stand (or not).

    August 16, 2010 at 12:29 PM #592163
    (former)FormerSanDiegan
    Participant

    It may or may not have any real merit.
    Report back when the underwriter allows the appraisal value to stand (or not).

    August 16, 2010 at 12:29 PM #592273
    (former)FormerSanDiegan
    Participant

    It may or may not have any real merit.
    Report back when the underwriter allows the appraisal value to stand (or not).

    August 16, 2010 at 12:29 PM #592584
    (former)FormerSanDiegan
    Participant

    It may or may not have any real merit.
    Report back when the underwriter allows the appraisal value to stand (or not).

    August 16, 2010 at 12:31 PM #591541
    bearishgurl
    Participant

    flu, since you’re refinancing, don’t argue with the number as it’s not affecting anyone but you at this time. High is better than low. Just be glad it didn’t turn out too low for you to refinance. Be happy!

    For your answer how the appraiser arrived at the number, you can look at the recent sales they used. If you paid for the appraisal, you are entitled to a copy of it.

    August 16, 2010 at 12:31 PM #591633
    bearishgurl
    Participant

    flu, since you’re refinancing, don’t argue with the number as it’s not affecting anyone but you at this time. High is better than low. Just be glad it didn’t turn out too low for you to refinance. Be happy!

    For your answer how the appraiser arrived at the number, you can look at the recent sales they used. If you paid for the appraisal, you are entitled to a copy of it.

    August 16, 2010 at 12:31 PM #592174
    bearishgurl
    Participant

    flu, since you’re refinancing, don’t argue with the number as it’s not affecting anyone but you at this time. High is better than low. Just be glad it didn’t turn out too low for you to refinance. Be happy!

    For your answer how the appraiser arrived at the number, you can look at the recent sales they used. If you paid for the appraisal, you are entitled to a copy of it.

    August 16, 2010 at 12:31 PM #592283
    bearishgurl
    Participant

    flu, since you’re refinancing, don’t argue with the number as it’s not affecting anyone but you at this time. High is better than low. Just be glad it didn’t turn out too low for you to refinance. Be happy!

    For your answer how the appraiser arrived at the number, you can look at the recent sales they used. If you paid for the appraisal, you are entitled to a copy of it.

    August 16, 2010 at 12:31 PM #592594
    bearishgurl
    Participant

    flu, since you’re refinancing, don’t argue with the number as it’s not affecting anyone but you at this time. High is better than low. Just be glad it didn’t turn out too low for you to refinance. Be happy!

    For your answer how the appraiser arrived at the number, you can look at the recent sales they used. If you paid for the appraisal, you are entitled to a copy of it.

    August 16, 2010 at 12:33 PM #591536
    Coronita
    Participant

    [quote=FormerSanDiegan]It may or may not have any real merit.
    Report back when the underwriter allows the appraisal value to stand (or not).[/quote]

    I’ll see. I close next week, so I pretty sure it’s going to stand. There’ currently a $100k difference between this appraised value and the reassessment I just got from the SD tax collector

    August 16, 2010 at 12:33 PM #591628
    Coronita
    Participant

    [quote=FormerSanDiegan]It may or may not have any real merit.
    Report back when the underwriter allows the appraisal value to stand (or not).[/quote]

    I’ll see. I close next week, so I pretty sure it’s going to stand. There’ currently a $100k difference between this appraised value and the reassessment I just got from the SD tax collector

    August 16, 2010 at 12:33 PM #592169
    Coronita
    Participant

    [quote=FormerSanDiegan]It may or may not have any real merit.
    Report back when the underwriter allows the appraisal value to stand (or not).[/quote]

    I’ll see. I close next week, so I pretty sure it’s going to stand. There’ currently a $100k difference between this appraised value and the reassessment I just got from the SD tax collector

    August 16, 2010 at 12:33 PM #592279
    Coronita
    Participant

    [quote=FormerSanDiegan]It may or may not have any real merit.
    Report back when the underwriter allows the appraisal value to stand (or not).[/quote]

    I’ll see. I close next week, so I pretty sure it’s going to stand. There’ currently a $100k difference between this appraised value and the reassessment I just got from the SD tax collector

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