While I've seen some ridiculous appraisals, the rules are pretty straight forward so the results are fairly predictable. After purchasing 15 homes plus multiple refinances, it was time to refinance my new home in Florida. What I didn't expect was a bad appraisal. After my rebuttal (my first) accomplished nothing, I knew it was really due to a bad appraiser.
Why did I feel the appraisal was bad? One story houses aren't that common across the country. But in Florida and other retirement states, one story houses are valued [Save More…]