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Updated over 3 years ago on . Most recent reply

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Eric Thomas
  • Rental Property Investor
  • Huntsville, AL
1
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4
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Virtual Appraisal suggestions?

Eric Thomas
  • Rental Property Investor
  • Huntsville, AL
Posted

Does anybody have suggestions on any virtual appraisers out there who will do work for investors rather than banks? We have a property in a trust where the grantor has recently passed, and we need to establish a "step up" basis for tax assessment. I've called a half dozen appraisers and nobody will touch it - either way too busy with their bank and mortgage work, or because it's outside of their city/zone (rural Alabama).  Seems like the need for this would have kicked up a bit during the pandemic, but maybe not.

Thanks!

(sorry if cross-posting... I asked this in "starting out" last week, but no suggestions yet)

Most Popular Reply

User Stats

4
Posts
1
Votes
Eric Thomas
  • Rental Property Investor
  • Huntsville, AL
1
Votes |
4
Posts
Eric Thomas
  • Rental Property Investor
  • Huntsville, AL
Replied

@Chris Mason, thanks very much for the feedback.  When talking to the local appraisers, I was expecting to pay for the full/traditional approach and not getting a one-off version - just couldn't find anyone to do it.  Since I haven't seen any feedback about virtual appraisals being available, I'll just try calling the local guys again and be more specific about that, along with making sure they know I can provide pictures easily and that no underwriters or loan officers need to be involved. Hopefully that will get things rolling.

I feel a bit like Julia Roberts in "pretty woman" running around with money in my hand but can't get anyone to take it.

Thanks again!

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