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Updated over 6 years ago on . Most recent reply

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843
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Nik Moushon
  • Architect
  • Wenatchee, WA
905
Votes |
843
Posts

Confused with house appraisal

Nik Moushon
  • Architect
  • Wenatchee, WA
Posted

I got the appraisal for the house I'm under contract for and overall I'm happy with it (came back valued at 30k more than the purchase price) but I'm a bit confused on a couple of things. I'm not sure if it matters or not or if it will affect me in the future in any way so heres my issues.

1 - They have described the house not so accurately. It says the house has wood siding but its stucco. It says it has vinyl windows but its wood windows from 1926. It says it has a partial basement but its a full basement. It says theres a microwave but there isnt.

2 - It says both the kitchen and baths were updated in the last 11-15 years.....try more like 40-50 years. 

3 - Comps pulled are two 2bed/1bath houses and a 4bed/1bath house where this is a 4 bed/2 bath house.

So I'm not super familiar with appraisers or the process and its not like I want to contest their numbers (I just made 30k) but this confuses me and I dont want it to bite me in the butt later. Am I worried over nothing or is there something I need to consider for the future?

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