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Got a home appriasal tomorrow due to refi on the house...what to expect?

Discussion in 'The Okie Corral' started by darin2, Mar 15, 2010.

  1. darin2

    darin2

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    We're doing some repairs on the house and getting a much needed refinance because my old interest rate is 8%. They are sending an appraiser by tomorrow for us to meet with to look over our house and property. All I know is they will take some measurements and pictures. Anybody else been through this and know what all happens...what their looking for??
     
  2. Adjuster

    Adjuster

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    Thats it; sf, condition, notable features such as finished basement, upgraded kitchen/bathrooms and neighborhood market value.
     

  3. Glock30 Guy

    Glock30 Guy XD40

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    Dont be surprised if the value drops 20%+. It is common these days but depends on what you paid and when. I bought in 2007 and mine dropped $50K.