Posts Tagged 'House Appraisal Value'

How to Increase Appraisal Values and Pass Inspections on the First Visit

Posted on: September 15, 2009

Categories: How To Sell, Profit

Author: buyfixandprofit

How to Increase Appraisal Values and Pass Inspections on the First Visit

The #1 rule is to actually be there!  If you, as the real estate investor, cannot make it to the appraisal, then send your partner, construction manager, or reschedule if permissible.  A bad appraisal or a failed inspection can be the difference between a transaction closing or falling apart or weeks of delays being incurred while waiting for another home inspection from the section 8 inspector.  A section 8 tenant will not always wait around for a failing property to pass its inspection when there are a handful of other rehabbed homes readily available for rent.  Similarly, a bad appraisal may scare off potential buyers or reduce the amount funds available for an investor’s cash out refi.

Bring Favorable Comps to the Appraisal

Whether the property needs to appraise high or low, find the three most favorable comps… Read the rest

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