interior photos | refinance appraisal

hi donna,

a proper property appraisal will help the lender to decide whether or not you have equity in your property. if an appraiser comes to your home, he will take a look at everything in order to give a proper estimation of the property value. in order to get the refinance, you should have equity in your property. you can't help it and it will be better if you could take some photos and send it to your lender.

thanks

I had an appraiser come today for a re-fi, she was dressed like a streetwalker, and had the intelligence of a 2nd grader at best. This is the person who is going to decide the market value of my home.....really? The idea of taking photos of the interior of my home is preposterous...especially when the appraisal is based on comparables in the neighborhood. I told the load company to foret it.

Can understand your frustration, floridasassy!! But can't help it. Most of the appraisers will take photos of the interior of your home. The interiors of your property will also help the appraiser determine the value of the property.

The cost charged for an appraisal is a rip-off anyway. Why should a one hour appraisal cost several hundreds of dollars? I guess it is due to the many years of highly specialized training involved. Appraisal fees are just another way to get into your pocket. You have to have it, appraisers provide it, so therefore, suck it up and pay it! I bet there is less training involved to become an appraiser than is required with my job.

I found your site while researching refinancing realities of this year. Had heard re-appraisal would be likely, but details of comments will help me decide whether to seek refinancing, or tough it out with my existing financing, which is survivable enough to make that a good thought.

It's really great to note that this website has been helpful for you!! In case if you have further queries, don't hesitate to post... All the member here will try their best to give you opinions!

I'm in an area where we bought at the height of the market, and are now underwater. My mortgage was sold to a nightmare lender so we are refinancing through the HARP program. We have excellent credit, excellent income, our LTV just isn't where it should be. We get appraised today, and as far as I'm concerned they can photograph whatever they want if it means I get away from a crappy lender and get the great rate i'm being offered!

hi mooreagirl,

i guess you're planning to refinance your mortgage. as your property is underwater, you cannot get a normal refinance. you will have to go for home affordable refinance program (harp). as far as i know, this option will be given to you by your present lender.

1. People are people. No one can tell when one will aspire to bad deeds. Databases that are believed safe, for whatever reason, are readily available to those with skills and time. Therefore all appraisal companies should have to adhere to a thorough security paradigm such as required by credit card issuers.
2. Can I cover my belongings so that they may not be identified?
3. Why a "one size fits all" requirement? I am borrowing $50K, on a home purchased and appraised last year at $200K. We bought with cash and owe nothing. We are on six acres of land with a 1500 foot paved driveway, drilled well, power in from street on a 40 acre pond. The site if the house were just a basement would be worth $200K. Why indeed must I have an interior appraisal? One excursion through Google Earth will show everything anyone would need in this instance.

Hi Guest!

Welcome to the forums!

If you cover all your belongings, then how will the appraiser appraise the property? Moreover, unless there is a proper in house appraisal, your property won't be rightly valued.

Feel free to ask if you've further queries.

Sussane