Mike Meena with Augusta Financial talks about appraisals.
One of the things that Miff’s most relocation Realtors – or any real estate agent for that matter, is the “appraisal” guidelines.
Appraisers want to keep their jobs. They want to be able to put food on the table and they don’t want to get into trouble for turning in a “over valued” appraisal without the property justification.
The appraisers work for their employer. However, they own you a bit of “gratitude” because without the buyer, they would not be getting paid.
How is it that one appraiser that is seeking out the Value for a particular type of loan – let’s say VA, can be so far off of the mark from where a “Conventional” 20% down appraiser appraises the same home?
We see it time and time again. Let Mike Meena give you this run down on his latest video that may answer some questions for you.
Here is a Tip – if you are not moving, or selling, and your interest rate is above 4% – it may be time to re-fi. Or at least get everything ready to RE-FI…
You could be leaving money on the table in the near future. Reach out to us or visit our Main Santa Clarita real estate agents’ website and type into the MacBoX the words ” Find Me a Lender ” Without the quotes and “Thy will shall be done…”