An appraisal question

[Joe S.]

I have a house that I bought about a month and a half ago. We paid cash. It’s a three bedroom one bath brick house, but can be turned into a four bedroom two bath brick house. It 
is on a slab with a decent size yard. I have a number of projects going and only have one main contractor that has been working on our properties in MS.

 My thoughts was try to sell it while I’m waiting for the contractor to get to it. If it does not sell fast enough by the time the contractor can get to it then I’ll take it off the market and fix it up. 
My question is will the former list price affect the appraisal for when I go to sell it or refinance it?

[Josh Caldwell]

Am I correct that you bought this at a bargain price, and you are worried that you created your own low comp?  That generally wont affect your price point much, as that is gathered from as many legit comps as the appraiser can find.  If your shows up as an outlier, it "should" be recognized as an odd ball. With that being said, it is possible that an appraiser will just get lazy and not look into your property and see why it isnt reflective of market value. Worst case, you could hire an appraiser to get him to place a value on your property.