In Search of Appraiser

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In Search of Appraiser

Randy Stark
Investor · Oklahoma City, OK · Member since 2016 · 10 posts · 1 vote

I need an experienced real estate appraiser in the Oklahoma city market to give me a rough ARV range before I close on a property. My plan is to cash out refi in about 6 months, but it is an oddball property that is hard to comp.

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Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
9mo
Quote from @Randy Stark:

I need an experienced real estate appraiser in the Oklahoma city market to give me a rough ARV range before I close on a property. My plan is to cash out refi in about 6 months, but it is an oddball property that is hard to comp.


 Call a BPO company vs. getting an appraiser. An appraiser is going to want to charge for a full appraisal, you can get a BPO for $150 to get a valuation.

7e investments53 Reviews
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  • Michael Wyatt
    Lender · Boston, MA · Member since 2021 · 125 posts · 64 votes
    9mo

    Drop it here, I'm sure you can get some decent advice.  

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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    9mo
    Quote from @Randy Stark:

    I need an experienced real estate appraiser in the Oklahoma city market to give me a rough ARV range before I close on a property. My plan is to cash out refi in about 6 months, but it is an oddball property that is hard to comp.


     Call a BPO company vs. getting an appraiser. An appraiser is going to want to charge for a full appraisal, you can get a BPO for $150 to get a valuation.

    7e investments53 Reviews
    WebsiteView Page
    2Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    9mo
    Quote from @Randy Stark:

    I need an experienced real estate appraiser in the Oklahoma city market to give me a rough ARV range before I close on a property. My plan is to cash out refi in about 6 months, but it is an oddball property that is hard to comp.


    Have you tried connecting with a local agent?They have access to the MLS and can provide you with comps.

    [email protected]818-269-7983
    LuxePrivate Investments LLC 570 Reviews
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  • Stacy RaskinBusiness Member
    Lender · Member since 2022 · 1k+ posts · 525 votes
    9mo

    The more unique a property the more appraisals will vary between appraisals as the appraiser needs to make more adjustments along with how many similar properties there are in very close proximity. So if you have someone do an appraisal for you now, it may be a pretty different value when you decide to do a cash out refinance later on even before factoring in any remodeling or appreciation. I've seen three appraisals on a single property come in thousands and thousands of dollars apart. Something to consider once you want to pull cash out later on as far as how this property will perform in the future. 

    [email protected]818-770-0340
    Bright Skyline518 Reviews
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