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Company Loan Type APR Est. Pmt.

low apprasal

Posted on: 11th Jun, 2013 04:34 pm
i had an appraisal done last year. do to the amount listed i decided to refinance. the new appraiser came out, took the old amount listed and now his is 20000.00 lower. how can this be when prices are going up.
Hi Guest,

Appraisal depends on various factors like comparables in your area, square footage of the property, etc. May be the comparables in your area have sold for a lower price which actually reduces the value of the property.
Posted on: 11th Jun, 2013 07:33 pm
Besides comparables look for other factors like destruction of your locality's greenery or may be crime rate in your neighborhood has gone up considerably because of which demands for properties over there might have reduced to a great extent.
Posted on: 12th Jun, 2013 05:58 am
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