08-04-2020, 01:38 AM
We just refinanced. We paid (I think) $500, the appraiser called within 4 days, made an appt, wore a mask. Walked thru the house, took lots of pictures and submitted his report about 4 days later....
1. Said we are in Lava zone 3 (we are on Hamakua coast....a 3rd grader could look up the lavazone map online......)
2. Commented to DH about the swirl finish on our concrete slab which extends out to the lanai. Then submitted his report that we are Post and Pier construction. (the same said 3rd grader could look and see the house is on slab......)
Initial appraisal was submitted to mortgage company, then when they called me about something else, I mentioned the above issues....and the appraisal suddenly was revised down by 60k.
DH has many.....home grown....improvements. Comment per appraiser "Many improvements done in workman-like manner."
Overall, it was not an unpleasant experience and I think the above issues were more due to the overwhelming number of people trying to refinance.
1. Said we are in Lava zone 3 (we are on Hamakua coast....a 3rd grader could look up the lavazone map online......)
2. Commented to DH about the swirl finish on our concrete slab which extends out to the lanai. Then submitted his report that we are Post and Pier construction. (the same said 3rd grader could look and see the house is on slab......)
Initial appraisal was submitted to mortgage company, then when they called me about something else, I mentioned the above issues....and the appraisal suddenly was revised down by 60k.
DH has many.....home grown....improvements. Comment per appraiser "Many improvements done in workman-like manner."
Overall, it was not an unpleasant experience and I think the above issues were more due to the overwhelming number of people trying to refinance.