I have a house with Marble baths and kitchen, vaulted ceilings in living room including a custom oak stairway that leads to master bedroom (on second floor), custom oak cabinets, full 100% fin basement, 4bedrooms, 3 baths, and whole first floor (except kitchen/bath) has brand new maple hardwood flrs, new electrical-plumbing-drywall, EVERYTHING NEW except brick exterior. The highest sold for $300k but that house is minimumly rehabbed, cheap kit cab, white bath, plain like, while my house is top of the line.
Know the question is, How in the world is my house, with all those extras (maple hardwood, marble bath/kitchen, oak stairway, vaulted/cathedral ceilings in living room) that no other house in that area or within a mile or 1.5 mile radius has be compared and valued the same as the lessor house, the one sold for $300k? Why can't an appraiser adjust for those "extras"/go outside that area and say because of these extras, this house is worth $330-350 and lender excepts it????????
2006-12-16
07:01:21
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2 answers
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asked by
JR
1
in
Renting & Real Estate