FHA Appraisal Advice

[Luiz Souza]

I've been working on a SS with Wells Fargo ( FHA) for a few weeks. No double closing - I am planing to buy the property, hold it, clean it up maybe do some minor work and unload it after their 30 days. The appraiser just called me and I will meet him there next Tuesday or 3 days from today. House is located in a very nice area but is the least attractive in its current condition. Several necessary repairs including roof, lots of updating (about $40K to $50K) and the grass was up to my knees when I was there a few days ago. Any advice on how to handle this appraiser (other than the typical influence) so I can get a good number in my favor? Is FHA still going 82% of the appraised value or has that changed?
Thank you.

[J Scott]

Originally posted by Luiz Souza:

The appraiser was very open to all I pointed out. I was very cautious however, when I pulled out the repair estimate of $94K. He was much appreciative and thanked me by saying that it would help him a lot.

Luiz -

I know we've talked about this a lot in the past, and as I've always told you, if you treat the appraiser with respect, he'll be thrilled to let you help him do his job...

Plus, appraisers *LOVE* information...the more you can provide (like repair lists, invoices, pictures, etc), the happier they will be.

Congrats!