jgirl3003
Freshman Member
- Joined
- Jun 19, 2008
- Professional Status
- General Public
- State
- Pennsylvania
Hi - i am not an appraiser, but a person selling a house. i hope you can answer some questions, or point me towards some links that will help me.
i am selling a remodeled one bedroom house. I put it on the market and took an offer. but the buyer could not get the mortgage because it not appraised for the selling price. the reason given was because it was a one bedroom.
my questions are:
why do one bedroom houses appraise for so little?
why can't they be compared to similar square footage houses? (a two bedroom house where the bedrooms are 7x10 and 9x10, my one bedroom is 14x24)
why can't they be compared to lofts in the area selling for 2x as much?
i am not in the industry, so i do not understand these things, and am looking for answers, not arguing.
i am also looking for ways to get it appraised for more - the appraiser apparently said that if it was 2 bedroom it would appraise for more. the one bedroom has a lofted ceiling - how would i make it 2 bedroom? would a partition work?
it is totally remodeled with anderson windows, all new drywall, new appliances, new kitchen cabinets, new bathroom...
if it helps, i am in pittsburgh, pa.
thanks for any information you can give me, and thank you for your time.
i am selling a remodeled one bedroom house. I put it on the market and took an offer. but the buyer could not get the mortgage because it not appraised for the selling price. the reason given was because it was a one bedroom.
my questions are:
why do one bedroom houses appraise for so little?
why can't they be compared to similar square footage houses? (a two bedroom house where the bedrooms are 7x10 and 9x10, my one bedroom is 14x24)
why can't they be compared to lofts in the area selling for 2x as much?
i am not in the industry, so i do not understand these things, and am looking for answers, not arguing.
i am also looking for ways to get it appraised for more - the appraiser apparently said that if it was 2 bedroom it would appraise for more. the one bedroom has a lofted ceiling - how would i make it 2 bedroom? would a partition work?
it is totally remodeled with anderson windows, all new drywall, new appliances, new kitchen cabinets, new bathroom...
if it helps, i am in pittsburgh, pa.
thanks for any information you can give me, and thank you for your time.