Hi,
I recently got a house appraisal from my bank to apply home line of credit, what comes back is the appraisal is quite low than the current market price, what should I do?
Options are:
1. accept it now and do I have opportunity to ask the re-appraisal after a few years? does the appraisal increase along the market value increases yearly?
2. argue with bank or find another appraisal by myself? will bank agree with it?
what are your experiences with your appraisal?
My 2nd question is about Renovation -- should I use hard wood floor for living room or laminate? this is for Rental property, also should I change the 2nd floor carpet with either hard wood floor /laminate?
Thanks,
Sue
I recently got a house appraisal from my bank to apply home line of credit, what comes back is the appraisal is quite low than the current market price, what should I do?
Options are:
1. accept it now and do I have opportunity to ask the re-appraisal after a few years? does the appraisal increase along the market value increases yearly?
2. argue with bank or find another appraisal by myself? will bank agree with it?
what are your experiences with your appraisal?
My 2nd question is about Renovation -- should I use hard wood floor for living room or laminate? this is for Rental property, also should I change the 2nd floor carpet with either hard wood floor /laminate?
Thanks,
Sue