My appraisal came in higher than expected (on a refi)

[Anonymous]

Anonymous wrote:Those of you whose houses appraised for hundreds more than you thought, what price range are you talking about?

We paid $935k. Appraisal came in at 1.15m.

[Anonymous]

Any PPs who refinanced and whose appraisals came in high willing to share who they refinanced with?

[Anonymous]

Anonymous wrote:Any PPs who refinanced and whose appraisals came in high willing to share who they refinanced with?

There's no relationship between the lender and the appraiser anymore, so this information wouldn't be useful to you.

[Anonymous]

Anonymous wrote:Who are you refinancing with? We're trying to refi with Pen Fed right now and 2.5 weeks later still haven't received our appraisal. Annoying.

not my experience at all. got the result within a week from when they ordered the appraisal.

[Anonymous]

Need Suggestion,

I have sign a contract for a house for $275000 and and i m doing 20% down payments and still we have not closed the house. but the builder says the price of house has gone up for $30000 . so i gained 30000 rt there. Now for my down payments do i have to pay 20% of 275000 or 20%of 275000-30000.How does this work.please help me out.

[Anonymous]

Anonymous wrote:Need Suggestion,

I have sign a contract for a house for $275000 and and i m doing 20% down payments and still we have not closed the house. but the builder says the price of house has gone up for $30000 . so i gained 30000 rt there. Now for my down payments do i have to pay 20% of 275000 or 20%of 275000-30000.How does this work.please help me out.

20% of the 275K, you might actually be able to pay less than 20% on the 275K because you have equity.

[Anonymous]

For those of you with higher than expected appraisals, are you in DC, MD or VA?

[Anonymous]

I am in GA , ATL

[Anonymous]

Had a similar experience. I was waiting to refinance to get rid of PMI, when a neighbor's house sold for much more than I thought it was worth. So I got our house appraised and it turned out I could refinance immediately.

[Anonymous]

I am in DC