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Toni, Other/Just Looking in

How can I find appraised values on homes in Detroit. I need to supply my lender with an after rehab value

Asked by Toni, Mon Nov 12, 2007

and knowing the appraised value would help.

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2
Geoffrey D. Leach’s answer
Toni, does your lender want an appraised value or market value after rehab. The only way you know the appraised value is for your lender to order an appraisal. If you want market value you will need to ask a realtor to do market value for you and submit the realtors findings to your lender. With the changing market make sure that the comps are not more than six months old for solds.
0 votes Thank Flag Link Tue Nov 13, 2007
Doesn't your lender send out an appraiser? Why wouldn't you have him appraise both the current and rehabbed value? Maybe I'm missing something.
Ruth
0 votes Thank Flag Link Mon Nov 12, 2007
Ruthless, Other/Just Looking in 60558
MVP'08
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