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Refinance appraisal: How much do I REALLY need to do?

Posted on: 23rd May, 2010 04:09 am
I understand why an appraisal is important (protects the lender) and the advice to spruce things up. But,
If I have 55% equity or more in the house
The amount of loan I'm asking for is around 33% of the house value,
meaning not huge
My credit score comes out to "excellent"
I can document other assets and almost no liabilities
Can document home improvements
The structure is sound
How much do I really have to NEATEN UP? It's clean but, you know,
cluttered. You see where I'm going with this :)
Thank you!
Hey guest,

It surely doesn't hurt to tidy up a bit, however the appraiser is not appraising your stuff. The appraiser will be looking at the overall condition of the home itself. A litle clutter will not reduce the value of the property.

Having said that, some lenders require interior photos to be included. So if you feel you might be a little embarrased if everyone from the appraiser all the way through the underwriter and maybe more will be looking at those photos of a messy house, you might want to do a little spring cleaning.
Posted on: 23rd May, 2010 08:20 pm
thanks for your quick reply. I appreciate it!
Posted on: 24th May, 2010 04:03 pm
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