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Home appraisals

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Have you had an appraisal done of your house lately? What did you think of the result? How did it compare to tax value? Did the appraisal seem right on with comparables you know of in your area, overinflated, or under what you thought it should be?



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We had our house appraised 6 months ago for the purpose of pricing it correctly when we placed it on the market.

We thought the appraisal was a little low, but ok and priced the house $5k less.


Six months later, the house has been dropped in price and is still not sold. The market has gotten worse.


Our realtor has told us that appraisals are coming in less than the contract prices- the most recent is $15k less. :confused: One problem is that the appraisers are using foreclosures are comparables.


We will most likely end up renting our house out for a few years and hope that the market turns around.


Anyone need a house in southwest Virginia? :D

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