Home Appraisals

United States
August 26, 2010 3:39am CST
Well we are looking to get refinanced as many of you know here in the US the mortgage rates have dropped again. So I got the message on my machine from the appraisal company that they would like to come out in a few days. Wich is fine and dandy. However, they want to make an appointment? I don't know what they need an appointment for? The one we had several years ago they just did a drive by and such. So this has me curious as I've been reading some appraisers want to do an interior inspection. Honestly, I don't know that we have the time before proposed appointment to make our home appraisal pretty on the inside. As I've been reading some places want to check on things like the condition of your furnace ect. My girls room looks like a cyclone hit it and to go thru it w/ them over my shoulder will take a day alone! We were going to wait until school started to clean their room so we can get rid of things w/o my lil hoarder having a fit over every lil piece of paper or ignored toy Sadly I dunno if it was dinner not agreeing with me or just the stresses of this refi & our finances that have me worked up @3am. But you know I guess that's the joys of a worry wart. Have you had a place that wanted to do an interior inspection?
6 responses
@dorannmwin (36636)
• United States
27 Aug 10
As far as our house goes, we would have been eligible this year to get out of our PMI if we would have had an inspector come in and go through the house inside and out, but we didn't because of the fact that the economy has declined so much since we bought the house. That said, if we were to have had an appraisal this year, they would have wanted to go through the house inside and out. A house can look beautiful on the outside and the inside could be in shambles. That is the reason that they want to have an appointment to access the inside condition of your house as well.
1 person likes this
• United States
31 Aug 10
it's not in shambles.... just lots of stuff and some rigging dh did wich they will frown on that we can't afford to fix for this to work out.
• United States
27 Aug 10
We were going to sell my daughter her house and land and the loan company wanted an appraisal so we got someone to do it and he wrote it up for us, no cost. Then the finance company didn't like the way he did it, it was to low for the loan they wanted so they sent someone out to do it...they WERE NOT the same , the loan company that did it took off some of the damage that the first one had put in and raised the value from the first one! In the end we didn't like the paper work, very long story, so I tore the papers up in front of the loan officer and we walked out! It was turning into more of a ripoff then a finance!!!! After it was all over the appraisal company called us to pay for the appraisal and I asked them 'who ordered it?" and they told me "the lOan company" and I told them to call them to get their money then. I didn't order it and I wasn't paying it! I didn't pay it!!! True Story! Be Careful with WHO you get your remorgage through!!!!
• United States
31 Aug 10
We decided getting our house ready for photos and all would take too long and it's too much frig'n drama for $150 savings. However, I'm going to have to fight them I think on a appraisal charges. But that will be another discussion ;0)
@savypat (20248)
• United States
26 Aug 10
To do a complete appraisal the interior must be seen, all appliances, plumbing and wall conditions. Floors and carpet, not rugs, will be inspected. House should be clean, and as uncluttered as possible. Don't worry the appraiser is not looking for saleability only for condition. If this is an appraiser sent by your lender go ahead but if it is an outside appraisor forget it, your lender will send their own approved appraisor. Why pay for both.
• United States
31 Aug 10
We were waiting to unclutter when the kids went back to school. I did some earlier this summer for a rummage but it's not enough to have company over at the minute and we've both been working quite a bit lately.
@coffeebreak (17824)
• United States
26 Aug 10
I used to do mortgage loans (prior to the collapse) and they did appraisals two ways. One was a complete inside and out appraisal and the other is a drive by. Depends on what kind of loan you were doing. A purchase was always a full inside and out. A refinance was a drive by. And if you just wanted the highest value you could get, do a full and you'll get more. And they usually did kitchen, living room, bathroom and each of the bedrooms and any amminities you might have inside and then one of the back yard and one of the front.
@dawnald (84126)
• Shingle Springs, California
26 Aug 10
We've had both. I don't really know why they sometimes do one and sometimes do the other...
@cher913 (25895)
• Canada
26 Aug 10
i have only heard of appraisers that do both inside and out. they are just looking for leaks, etc.