Appraiser coming tomorrow....

myjack

Besides the obvious tidying up and putting things neatly away.... what else can I do besides offer him/her a beer or beverage?
Anyone have any advice on this? We are doing a re-fi with a great rate but the LTV ratio has to be at 95% or lower for us to get this rate.... nothing is wrong with the home that I can tell (built in 92).... the shingles may need to be replaced in the next few years but do they look closely at that? what are they looking for besides structural problems or damage? There have not been too many homes sold in our area so how do they compare the prices/comps? anyone have any good advice that theyd like to share?

reel stamas

Just let them know how much you love your home & that you're trying to re-fi to a more affordable rate & the appraisal really matters... Be nice & pray... In reality there's probably nothing you can do to overcome crappy comps...

Mackeral Snatcher

Bribe

Bottomfinder#1

Offer up your wife/girlfriend as sacrifice

myjack

Bottomfinder#1 wrote: »

Offer up your wife/girlfriend as sacrifice

i'm pretty sure "she" is the appraiser.... not much to offer unfortunately

Cyclist

Make a list of all the improvements you have made to the house and give it to them. List everything, no matter how minor they appear.

got ants?

Cyclist wrote: »

Make a list of all the improvements you have made to the house and give it to them. List everything, no matter how minor they appear.

New lightbulb in hallway 2009....

Holt

myjack wrote: »

i'm pretty sure "she" is the appraiser.... not much to offer unfortunately

I don't know...check Ants sig...

myjack

going to be here in 30 minutes.... any last minute advice?

Joey Buttons

Punch him in the face.

Polar

is Appraiser, related to pup?

Mackeral Snatcher

Well?:Popcorn
**** happened?

Polar

Pupraiser showed up instead, baked him a cake, planted some daisies, and gave him a reach around?

myjack

still waiting, looks like late getting here, lost, or she stood me up. time for a Stella

pupraiser

My appraiser wouldn't hardly even speak to me. When she was leaving I asked for a ball park on the number...refused to tell me.

In other words, they are now doing the job they should have been doing all along.

My appraiser before the big crash asked me if I liked the numbers before he finalized them

Mackeral Snatcher

myjack wrote: »

still waiting, looks like late getting here, lost, or she stood me up. time for a Stella

Well, how'd it go?

gandrfab

looks like not to good

Sea Snake

Just went through the same thing....appraiser basically did a walk through and was gone in 10 minutes.....I swear I think they are tied somehow in with those PMI insurance companies, and it's basically their opinion...unless they are using one of those "desktop" appraisal guides, like zillo or something.

You can't do much about em.....but I did get down to 3.25 from 5.75.....re-fied for 15yrs and saved about 75k by signing my name and no increase in payment.

myjack

pupraiser wrote: »

My appraiser wouldn't hardly even speak to me. When she was leaving I asked for a ball park on the number...refused to tell me.

In other words, they are now doing the job they should have been doing all along.

My appraiser before the big crash asked me if I liked the numbers before he finalized them

Yep, she barely said two words to me. she took photos of entire house, measured all of the exterior and some of the interior. asked about upgrades and she was gone within 25 minutes. i wonder what she'll value it at.... she said upfront she wouldnt know until she compared the other comps.
and no i have no photos.... just and average 40ish year old with average body.

myjack

this re-fi gets me 3.375, down from 5.875 and saving 90,000 over 30 yrs. a no brainer. gives us an extra $340 per month in our pocket from the old mortgage. wifey wants a new vehicle anyways so its all a wash

Sea Snake wrote: »

Just went through the same thing....appraiser basically did a walk through and was gone in 10 minutes.....I swear I think they are tied somehow in with those PMI insurance companies, and it's basically their opinion...unless they are using one of those "desktop" appraisal guides, like zillo or something.
You can't do much about em.....but I did get down to 3.25 from 5.75.....re-fied for 15yrs and saved about 75k by signing my name and no increase in payment.

Mackeral Snatcher

myjack wrote: »

Yep, she barely said two words to me. she took photos of entire house, measured all of the exterior and some of the interior. asked about upgrades and she was gone within 25 minutes. i wonder what she'll value it at.... she said upfront she wouldnt know until she compared the other comps.
and no i have no photos.... just and average 40ish year old with average body.

Trust me when I tell you she had the comps on a print out before she showed up.IF she didn't you need to have another appraisal done.
IMHYEO

myjack

Mackeral Snatcher wrote: »

Trust me when I tell you she had the comps on a print out before she showed up.IF she didn't you need to have another appraisal done.
IMHYEO

i'm not going to dish-out another $400 for another appraisal..... if i dont like or feel the amount that she appraises the house is accurate what are my options?
she did tell me that no rules apply to how far or where the boundary is for comparisons..... now i'm not so sure this is going to go in my favor. worse case scenario, the rate goes from 3.375 to 3.675.... its not a deal breaker but the long term is my goal. this is the home we plan to stay in until long after we retire. povided we can sustain jobs and make do with every day life costs/utilities.

jimmy77

I'm sure she had comps, but hadn't compared them line item by line item yet since she hadn't seen the subject property. Not much else you can do, but hope there haven't been too many short sales or foreclosures in your neighborhood.

Captain Dave

jimmy77 wrote: »

I'm sure she had comps, but hadn't compared them line item by line item yet since she hadn't seen the subject property. Not much else you can do, but hope there haven't been too many short sales or foreclosures in your neighborhood.

Bingo.