It was the hotel phone that rang, not my cell. |
Obviously the buyers, plus their lender and -- most importantly -- the appraiser This is not a second semester question |
How would who did the work impact the appraisers valuation? When it was done might (i.e. How old is the root), but who did it seems pretty irrelevant, to buyer, lender and appraiser. |
Buyers often base their offer price on how much profit they think the seller "should" get based on what they paid and how much they spent on upgrades. It's an irrational way to judge the value of a home, but it may be useful in figuring out what the seller would or would not accept. |
Fair point. |
Why is it irrational? It's perfectly rational to want to know that as a negotiating point. |
Not PP but its irrational in the sense that its disconnected from what the market will bear. If the home is "worth" $X as compared to similar homes, it should sell near $X - irrespective of what the original buyers paid for it or put in it. The idea that it can be a negotiating point is only useful on the margin really. |
Because it would give you the age of items in the house which would be of interest to the buyer, lender and appraiser. Buyer - when do I have to replace items Lender - the house has old items in it and will the buyer be more likely to replace those items or pay the mortgage Appraiser - they give value depend on the age of items. For example, if the previous owner did the kitchen 10 years ago, that would have value x. But if the current owner did the kitchen 5 years ago that would have a higher value. |
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I had this problem, so I did the following:
Logged into Zillow and claimed my home. It's super easy to claim a home--nothing official is needed, just you checking a box that you are the homeowner. In fact, I still have my old home claimed as mine. As a member, you have full editing rights to information on Zillow. All photos are now down! Emailed Redfin ( customer-service@redfin.com ) and made a request to remove photos. Within 8 minutes, someone from Redfin alerted me that photos were now down. I checked, and they are now down! I contacted the listing agent of my home, and she said they like to keep the photos up to help other realtors with comps. Not buying it. I told her all they need are the home's specs; how else did they do it before Zillow and all the other home sites? I'm still waiting, but apparently, the listing agent can uncheck a box on their end to remove the home's pictures. If all else fails, I will contact the broker and try that way. Good luck! |
| This thread is very bizarre, who cares what the previous owners did. You can find out how much any house is worth without these sites. |
+1 |
Oh I read the whole thing and it was awesome! What company was it!!????? |
| All the people who walked through your house when it was on the market have pics on their phones. The appraiser came by and took pics for a refi! fuggedaboudit |
| Don't put photos up in the first place. Once text or media is on the internet, it's there forever. Even if the photos are deleted now, anyone, for perpetuity, can go to https://archive.org/web/ and pull up stored web pages that have been deleted. |
This looks like a scam: "download now to use as a 'trusted citation' later"? Are they serious? |