953,617
I see nothing wrong in providing supportive documents for the bank appraiser...whether they are used or not.
More important is your ability to fine tune your appraisal of remodeling opportunities, we investors learn the most when deals go negative.
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Tony and Suzanne Marri...
Scottsdale, AZ
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Allie Angeloni
Oro Valley, AZ
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
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Katina Hargrove 352-55...
Eustis, FL
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Raj Taj
Lake Bluff, IL
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Lyn Sims
Schaumburg, IL
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Nina Hollander, Broker
Charlotte, NC
5,104,931
I do all of the above when an appraiser asks me and when they don't, I offer to provide past recent appraisals and/or comps. This has helped me get some properties appraised that might have been questionable otherwise. I
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Allie Angeloni
Oro Valley, AZ
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
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J.R. Schloemer
Louisville, KY
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Michael Jacobs
Pasadena, CA
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Pete Xavier
Pacific Palisades, CA
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Lyn Sims
Schaumburg, IL
7,835,925
I would provide the documentation.
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Allie Angeloni
Oro Valley, AZ
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
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Nina Hollander, Broker
Charlotte, NC
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Pete Xavier
Pacific Palisades, CA
5,229,945
Absolutely to both, Jordan! Anything to support your price is welcomed by most appraisers. Be VERY detailed in the list of things you did for the remodel - every dollar counts! Good luck!
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Margaret Rome Baltimor...
Pikesville, MD
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Allie Angeloni
Oro Valley, AZ
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
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J.R. Schloemer
Louisville, KY
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Pete Xavier
Pacific Palisades, CA
4,572,117
I provide "comps" and anything else I feel will bring the value to the purchase price.
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Margaret Rome Baltimor...
Pikesville, MD
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Allie Angeloni
Oro Valley, AZ
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
1,543,634
I offer them anything I think will help the house and them to value the house properly. It's up to them to decide where the boundary is.
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Debe Maxwell, CRS
Charlotte, NC
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Margaret Rome Baltimor...
Pikesville, MD
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Allie Angeloni
Oro Valley, AZ
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
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Michael Jacobs
Pasadena, CA
3,345,091
I would ask for a local appraiser intimately familiar with the local market. I would provide that appraiser with comps and all supporting documentation request.
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John Juarez
Fremont, CA
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Allie Angeloni
Oro Valley, AZ
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
1,844,271
If I were you & the appraiser did not sound knowledgeable I would call the lender & reject that appraiser. Feelings will get hurt but possibly not your wallet doing so. You will have to provide info on his incompetant words to your house.
I have not heard of providing all the costs. I'm not sure that it would help but sometimes like with marble items, it would be good to say it costs 6K as an example. If they are above the norm cabinets as an example or appliances.
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
-
Pete Xavier
Pacific Palisades, CA
5,583,278
when I was actively listing property, I provided every piece of documentation that would make the appraiser's life easy.... make them smile and they do great work....
I had one that I knew would not appraise....I provided everything... the appraiser was sooo good and appreciative, she MADE IT APPRAISE.... she appraised it as she would a new home... the cost method.... I zipped my mouth and thanked her....
bottom line is provide everything.... and I'd give a copy of the appraisal you have in hand...
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Margaret Rome Baltimor...
Pikesville, MD
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Allie Angeloni
Oro Valley, AZ
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Pete Xavier
Pacific Palisades, CA
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Bob "RealMan" Timm
Minot, ND
2,684,009
Give them what they ask for. Be prepared to challenge it.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
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Joseph Domino 480-390-...
Scottsdale, AZ
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Pete Xavier
Pacific Palisades, CA
544,014
Competence is important. Knowing the area is part of competence.
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Debe Maxwell, CRS
Charlotte, NC
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Allie Angeloni
Oro Valley, AZ
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Bob "RealMan" Timm
Minot, ND
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Joseph Domino 480-390-...
Scottsdale, AZ
5,772,575
Jordan,
We would like Pete Xavier with X Group Real Estate Advocates said. A
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Bob "RealMan" Timm
Minot, ND
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Debe Maxwell, CRS
Charlotte, NC
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Michael Jacobs
Pasadena, CA
-
Pete Xavier
Pacific Palisades, CA
182,915
I think providing documents don't hurt the appraisal it may add value in it.
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Pete Xavier
Pacific Palisades, CA
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Allie Angeloni
Oro Valley, AZ
-
Bob "RealMan" Timm
Minot, ND
911,228
I provide all information that can be useful for the appraiser to do his/her job.
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Debe Maxwell, CRS
Charlotte, NC
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Allie Angeloni
Oro Valley, AZ
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Bob "RealMan" Timm
Minot, ND
508,318
Jordan Ayan I certainly would provide the appraiser with any documentation that they request that will help support your price.
I am not sure that an old appraisal, especially one that does not support your price if going to be helpful.
I think at this point you and the buyer have agreed to a price and your goal is to show that the house can support the sales price. No cheating, just whatever valuable information you can provide to help ease the sale.
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Allie Angeloni
Oro Valley, AZ
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Pete Xavier
Pacific Palisades, CA
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Bob "RealMan" Timm
Minot, ND
1,502,998
Yes. I'd provide the appraiser with any and all information that could justify the contracted price (or higher). The only question is will the appraiser use it.
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Allie Angeloni
Oro Valley, AZ
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
3,854,886
Work with the appraiser. Give them anything that is pertinent to the property. Updates, costs and available appraisals. All this make his/her job easier. Be available to answer questions. Be helpful, be kind. An appraiser also wants to make it work... if they can.
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Allie Angeloni
Oro Valley, AZ
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Debe Maxwell, CRS
Charlotte, NC
6,393,154
Provide whatever backs up your case.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
3,988,007
Provide him any documentation you think will help including a list of improvements and costs and comps in the area Sometimes we have to do their work for them.
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Allie Angeloni
Oro Valley, AZ
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Debe Maxwell, CRS
Charlotte, NC
1,311,397
Appraisers often have difficulty in fixing a proper value on a property. Most appraisers appreciate additional supporting information.
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Allie Angeloni
Oro Valley, AZ
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Debe Maxwell, CRS
Charlotte, NC
290,969
I would definitely give Comps in your area/neighborhood, as well as documentation on the cost of different items in your remodel - to me, that would be helping your new appraiser to make an honest, relevant Appraisal, and more so if he does not know the area - sad that an appraiser who does know your area was not chosen, but it's not your choice. As far as the past appraisal, I probably would not show it, because values have changed, and after all, it was just that one person's opinion Jordan Ayan. Best of Luck - your kitchen looks very, very nice!
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Debe Maxwell, CRS
Charlotte, NC
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Pete Xavier
Pacific Palisades, CA
900,128
I think it's useful for an appraiser to know what work was done on a home; it is for him to decide how much it is worth in the market in his opinion based on comps.
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Allie Angeloni
Oro Valley, AZ
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Bob "RealMan" Timm
Minot, ND
4,272,548
Depends how old it is...
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
5,216,387
Provide the latest comps for your property. Nothing else.
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Debe Maxwell, CRS
Charlotte, NC
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Bob "RealMan" Timm
Minot, ND
1,153,794
It won't do any good to provide your old appraisal. Six months is about the limit for their viability in general. Gather up those receipts and substantiate your costs. It can't hurt in my opinion.
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Allie Angeloni
Oro Valley, AZ
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Bob "RealMan" Timm
Minot, ND
2,390,589
It is normal here for an appraiser to ask for receipts Jordan Ayan . I would also give him the other appraisal. The more info the better his decision.
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Debe Maxwell, CRS
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
1,513,143
At least they asked and yes.
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Bob "RealMan" Timm
Minot, ND
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Fred Griffin Florida R...
Tallahassee, FL
3,071,489
Pete Xavier with X Group Real Estate Advocates
nailed this one!
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Pete Xavier
Pacific Palisades, CA
1,239,901
explain the delta and show invoices about improvement enhanced....Most important tell them what you are aiming for.....
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Bob "RealMan" Timm
Minot, ND
87,920
Yes, remodeled properties are usually sold for higher price. I'd look for another appraisal.
5,868,482
4,434,127
4,800,082
4,319,419
3,986,258
i would give the info but not expect to see full value of your improvements
2,781,163
Hold the other appraisal data as well as costs and let this current appraiser do his job. If he doesn't do it, unleash those two little items to seal the deal