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So I found a weird way to get my appraisal to come in higher
My bank wanted a new value on my house before they would okay the cash out, and the first guy they sent said it was only worth about $315k. I knew that was low because my neighbor's place, which is smaller, just sold for more. So, I went and got a pre-listing report from a local realtor for free (you know, like you're thinking of selling but you're not). That report said $340k. I gave that to the bank's appraiser on his second visit and just asked if he'd seen the comps in it. He ended up coming in at $338k. It took an extra two weeks, but it got me the extra $25k in equity I needed. Has anyone else had luck with giving an appraiser 'homework' like that?
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willow_reed7mo ago
Did the same thing with a broker price opinion.
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richard2147mo ago
Got a BPO on my last place that came in way too low. They just used some bad comps from a few streets over. Ended up selling for a lot more by getting a second opinion.
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susan_nguyen6mo ago
Honestly, that's smart. But it makes me wonder, how do you even find a good realtor to give you that pre-listing report? I tried that once and the agent just gave me a super vague range to try and get me to list with them. Did you have to shop around, or did you just get lucky with the first one you called?
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