- Joined
- Jun 17, 2009
- Messages
- 7
Yesterday, I had an appraisal on a rental property done through the bank. When the appraisers toured the property, they said they had been through it two years ago and so didn`t need to take measurements, etc. because nothing was changed. I`ve upgraded the property since they were in it last (new paint, landscaping, etc). They were in and out in about 10 minutes and didn`t even take any photos, which surprised me. Anyway, the appraisal came in at a number that I think is too low, $290K when I was expecting more like $310K. I`m doing some refinancing and I`m also trying to firm up a Lease Option on the property. This is now the number the bank is using and the number that a Lease Option sale will be based on. Is there any way to appeal an appraisal? Should I get another one done by a different company and pay for it myself? Any and all thoughts are appreciated.
