Why is the sweat equity of diy flippers not recognized by appraisors?

Asked by Chad Buechler, Edina, MN Fri Feb 15, 2013

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Ron Thomas, Agent, Fresno, CA
Fri Feb 15, 2013
An appraiser would look at the evidence; the quality of the materials and the workmanship.
No one would care who did the work.
You probably do not want them to know; it could come back on you.
1 vote
Christopher…, Agent, Bloomington, MN
Fri Feb 15, 2013
It is recognized by appraisers. I have a client doing it right now and work in your world Chad as a realtor. The appraiser ultimately is looking at the comps in the neighborhood that have sold. Does not matter if you are a DIY flipper or you hire someone to do the work... hopefully the finished product is the same. An appraiser is not going to discriminate just because you did the work yourself.

If you want to throw me an email with a little more detailed description of what you are going through I may be able to help, because I am guessing you are selling the house and having appraisal issues?
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