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Are homes appraising out where they should be or are they appraising out less than assessed value? I

Profile picture for janetmhill
currently owe 173,000 on my 2400 square foot home and I am paying 6.5% interest rate. I would like to refinance or sell but not sure if my home would appraise out high enough. Have made some improvements since purchasing the home 2.5 years ago.
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August 06 2009 - Jefferson
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Profile picture for DuaneMurphy
Janet-

Great Question. Often times we don't even know if a property will appraise out. We can give a competent market analysis but I have seen appraisals coming out all over the board lately. We have even had new homes not appraising at sale price. Your best bet is talk with a local Realtor that understands your market. If you need assistance with locating a quality Realtor that can assist you with your decision please feel free to contact me.

Best of luck with your home!

Duane Murphy

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August 06 2009
Profile picture for BrokerPro
Markets are spotty all over the country.  Appraisals have been coming back with surprising numbers.

Pay a realtor to check comparable sales in your neighborhood to get an idea of what to expect.
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August 06 2009
 

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QuestionAre homes appraising out where they should be or are they appraising out less than assessed value? I
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