Remove Investors Remove Market Value Remove Mortgage Appraisal Remove Renovations
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What About Those Fixer-Uppers? Insights from a Seasoned Appraiser

McKissock

At some point it’s no longer “normal market value minus cost to cure equals as-is value.” I put on both my appraiser and remodeler hats, performed a detailed walk-thru, and priced out the cost to hire everything done, and the estimate is right at $90,000. Where’s the incentive for the investor?

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What Is Appraisal Review in Real Estate?

AmeriMac

The seller wants to max out the estimate based on the growing inflation and number of renovations made, while the buyer wants the best deal in the market even as home affordability worsens. This is why home appraisals are advised to ensure property costing is as fair as possible. What Is an Appraisal?