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Updated 25 days ago on . Most recent reply

User Stats

69
Posts
22
Votes
Cameron Porter
  • Real Estate Agent
  • Detroit
22
Votes |
69
Posts

Inspections and Appraisals

Cameron Porter
  • Real Estate Agent
  • Detroit
Posted

If a seller has a property that appraises for 77k and is asking for the refinance price of 60k on the listing but an inspector comes in and claims it needs 30k in repair. How can an appraiser not notice this if an inspector can come in and say the house needs 30k in repairs. Mind you the arv of the property is about 90k

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