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Real Estate
Reply to "Do appraisers go inside the home?"
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[quote=Anonymous]We've done many refi's over the years, and every time they've come in and taken a photo of every room. They want to document the interior layout of the house, which rooms are finished or updated and which aren't, and the general level of trim. They don't care about neat or messy (though I've compulsively straightened up anyway). I suspect drive-by (exterior only) appraisals have almost, but not quite, gone the way of no-doc loans. It's true that an awful lot of the valuation is based on comps and neighborhood market conditions rather than house condition, but these days I would think they'd only forgo a look at the interior if the lot were being appraised for a tear-down. [/quote]
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