home appraisal

[Couver]

Thanks for all the help guys. We ended up going with the VA loan. Only because they didn't want the washer, dryer and refrigerator. So at least we wont have to buy them. I just can't believe they paid my asking price and the house was only on the market for a week.

So SVT Lurch would it be a waste of my time to make a list of all the upgrades I did?

Congrats!

If they are comming in with a VA loan maybe it was a quick transfer. I used mine and being pre approved it was nice to know what I could afford and be good before I even made an offer. Trey and Nate helped us in under a month when I did it...

For those of you who don't use them you are intecoursing the K9.

[1carcrazyguy]

Home values haven't really dropped to much here. I wouldn't worry too much about it.

Depends on the area. Looked at house built in 2006 on one acre with a large shop. House was built for 386,000 (owner already had the land before they built the house). Then they built a shop on a 60 x 80 slab in 2008-09. Appraised for $385,000 back in Feb. So if he sold it for appraisal. They would be out what they put in the shop and what they paid for the land.

[2011GT]

Depends on the area. Looked at house built in 2006 on one acre with a large shop. House was built for 386,000 (owner already had the land before they built the house). Then they built a shop on a 60 x 80 slab in 2008-09. Appraised for $385,000 back in Feb. So if he sold it for appraisal. They would be out what they put in the shop and what they paid for the land.

custom homes are difficult to appraise. Mine was built 3rd qtr of 2009. So hopefully not much has changed.

[FreightTrain]

Thanks for all the help guys. We ended up going with the VA loan. Only because they didn't want the washer, dryer and refrigerator. So at least we wont have to buy them. I just can't believe they paid my asking price and the house was only on the market for a week.

So SVT Lurch would it be a waste of my time to make a list of all the upgrades I did?

Watch them try to under cut you after the inspection.

[2011GT]

Watch them try to under cut you after the inspection.

per the contract I will pay up to 250 in repairs. It needs a few minor things. If they back out the other full price offer we received told us to use her as a back up offer.

[jewozzy]

I don't know how accurate zillow is but that site has m property fluctuating 30k just about every month....

I believe zillow fluctuates at 40% either way. It shows mine about 22% low based on the recent appraisal I had.

[SVT Lurch]

So SVT Lurch would it be a waste of my time to make a list of all the upgrades I did?

It really depends what you did and how it compares to other houses in the neighborhood. You could do it, but I wouldn't spend too much time on it.

[Sgt Beavis]

Zillow has a table where they rate themselves on accuracy in several metro areas. They only give themselves two out of four stars for DFW. They give themselves 1 star for the Houston and San Antonio areas. I consider them to be fairly inaccurate.

http://www.zillow.com/howto/DataCoverageZestimateAccuracy.htm