The Power of a Second Set of Eyes
Often when buying a new home, the builder will recommend his mortgage lender for the loan as well as suggesting one of their agents, Either that or you don’t need any representation at all. Both of these options comes with a discount of sorts, so it seems to make sense to use the cheaper option. Well recently I came across a situation on a house I was working on selling. Contract was clean, the inspection was clean, but the appraisal came back almost 400 feet short. The 4200 square foot home I was selling was coming back at 3800 square feet on the appraisal. At first I thought this was going to be an easy fix. 400 feet is a big space, so the appraiser must have missed a room…