Question about appraisal for Heloc Home Equity Line of Credit…?

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One Response to “Question about appraisal for Heloc Home Equity Line of Credit…?”

  1. manyjens says:

    Your comps and market analysis – are they based on your having the repairs/upgrades complete? If yes, then the number they have is probably based on "as is" value – meaning right now, before you’ve had opportunity to make the upgrades.

    Request to know what comps they used. If theirs are closer/newer/more similar than the ones you used, you are a little out of luck, probably. However, if yours are newer/more similar/closer, you may be able to successfully change their value by sharing this info.

    (just to be clear: when I say newer comps I mean sold more recently as in sold in last 3 months vs in the last 12 months)

    Good luck!

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