I see this all of the time. First, look at your appraisal. The bathroom in the GLA section in the grid page goes on the upper line. GLA is the gross living area and is defined as all of the living area that is above grade or above ground level. The bathrooms below grade go in the basement and these will be noted on a different line just below this. This is probably the case. But if it is not, have the appraiser change the bathroom count to the correct one. Most likely, the bathroom will not make or break the appraisal value. The real issue is the home value and this is found in the comparable sales. Do a search to find the best comparable sales and compare this with the those in the appraisal. If you have any ground from this point, I'd look into it. Make dang sure that you are using the correct comparable sales, not 1 year old or older, in your market area, correct square footage, correct floor plan, etc. If not the appraiser will easily explain why the sales you picked are not the best sales.... more
Hello, My name is Steve Queen and I work with Exit Bennett Realty. Please view www.stevequeen.com for answers to your short sell questions. There is a link with a inter active video to help explain many of your questions. Please call me at (202) 367-4348 if you have additional questions. Good Luck!... more
The basement was unfinished. No walls, no ceilings, just the cinderblock walls and cement floor, so no, nothing to raise any concerns about possible water damage. Ironically, the unfinished basement and the perception that there wasn't any water issues was THE key factor for my submitting a contract on this house. I mentioned this several times to the selling agent, explaining that I would eventually finish the basement to increase the living area of the home.
I was upset with the leaking in the basement, but when all of the paint, window casings, and hardwood floors that I just renovated started having issues from the condensation, this was too much! For anyone living in Rockville that heard my breakdown last week, I apologize :)