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Re: Real Estate Appraisal Fees
[Re: Jgraider]
#8665358
08/16/22 01:15 AM
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Joined: Jun 2008
Posts: 766
jcarring99
Tracker
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Tracker
Joined: Jun 2008
Posts: 766 |
I just found out today that the people buying our house is paying their appraiser $1200. Good lord I’m in the wrong business as usual lol
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Re: Real Estate Appraisal Fees
[Re: Jgraider]
#8665407
08/16/22 02:14 AM
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Joined: Oct 2004
Posts: 39,549
redchevy
THF Celebrity
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THF Celebrity
Joined: Oct 2004
Posts: 39,549 |
We just had a house built. Paid $850 for two appraisals, one as proposed before ground was broken, one just before closing. Was a house on acreage in the county so not what pricing would be in a subdivision etc. paying upfront is typical.
Other than they made the number neither were worth the paper they were printed on, absolute junk.
Last edited by redchevy; 08/16/22 02:15 AM.
It's hell eatin em live
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Re: Real Estate Appraisal Fees
[Re: redchevy]
#8665648
08/16/22 12:58 PM
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Joined: Jan 2007
Posts: 426
ksjmf
Bird Dog
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Bird Dog
Joined: Jan 2007
Posts: 426 |
Other than they made the number neither were worth the paper they were printed on, absolute junk.
I had a buddy that used to call them "fish wrappers" as in most appraisals done on an URAR form aren't good for anything except wrapping up fish in.
Last edited by ksjmf; 08/16/22 12:58 PM.
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Re: Real Estate Appraisal Fees
[Re: Jgraider]
#8665675
08/16/22 01:21 PM
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Joined: Oct 2019
Posts: 169
PigMoney
Woodsman
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Woodsman
Joined: Oct 2019
Posts: 169 |
Buying a $450K house and worrying about a one time $700 bill. What a country we live in!
Last edited by PigMoney; 08/16/22 01:22 PM.
“We don’t rent pigs!”- Hat Creek Cattle Company
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Re: Real Estate Appraisal Fees
[Re: PigMoney]
#8665683
08/16/22 01:27 PM
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Joined: Dec 2009
Posts: 9,841
The Dude Abides
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2009
Posts: 9,841 |
Buying a $450K house and worrying about a one time $700 bill. What a country we live in! I was thinking the same when he made the OP.
I am still looking for the perfect apron, one with reinforced knee areas would be perfect.
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Re: Real Estate Appraisal Fees
[Re: Jgraider]
#8665774
08/16/22 03:03 PM
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Joined: Oct 2004
Posts: 39,549
redchevy
THF Celebrity
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THF Celebrity
Joined: Oct 2004
Posts: 39,549 |
Hey I’ll take all those 500-700 dollar checks yall don’t want!
It's hell eatin em live
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Re: Real Estate Appraisal Fees
[Re: The Dude Abides]
#8666005
08/16/22 07:30 PM
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Joined: Jun 2015
Posts: 5,923
Jgraider
OP
THF Trophy Hunter
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OP
THF Trophy Hunter
Joined: Jun 2015
Posts: 5,923 |
Buying a $450K house and worrying about a one time $700 bill. What a country we live in! I was thinking the same when he made the OP. That's how he's able to buy a $450k home with a $130k mortgage. You have good discretion/discipline in handling your money. Think about it.
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Re: Real Estate Appraisal Fees
[Re: Jgraider]
#8666047
08/16/22 08:43 PM
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Joined: Dec 2009
Posts: 9,841
The Dude Abides
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2009
Posts: 9,841 |
Buying a $450K house and worrying about a one time $700 bill. What a country we live in! I was thinking the same when he made the OP. That's how he's able to buy a $450k home with a $130k mortgage. You have good discretion/discipline in handling your money. Think about it. I'll "one up ya"...no mortgage here, living the dream!
I am still looking for the perfect apron, one with reinforced knee areas would be perfect.
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Re: Real Estate Appraisal Fees
[Re: The Dude Abides]
#8666538
08/17/22 01:09 PM
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Joined: Oct 2019
Posts: 169
PigMoney
Woodsman
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Woodsman
Joined: Oct 2019
Posts: 169 |
Buying a $450K house and worrying about a one time $700 bill. What a country we live in! I was thinking the same when he made the OP. That's how he's able to buy a $450k home with a $130k mortgage. You have good discretion/discipline in handling your money. Think about it. I'll "one up ya"...no mortgage here, living the dream! Yessir! Down to $36K on our mortgage and I ain't buying another until I retire. Everything is too overinflated. Everyone and their dog keeps telling me "sell and roll the money into the next, it's how you become rich"! Well folks, I'm a weird one because "rich" to me is good health, a fat 401K, an early retirement giving me all the time in the world to spend out here in the rolling plains, and NO MORTGAGE! The practice of buying homes as investment properties is slowly killing the way of life we know. It'll back fire one day. Nobody knows when, but it always does.
Last edited by PigMoney; 08/17/22 01:12 PM.
“We don’t rent pigs!”- Hat Creek Cattle Company
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Re: Real Estate Appraisal Fees
[Re: Jgraider]
#8666556
08/17/22 01:23 PM
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Joined: Jun 2015
Posts: 5,923
Jgraider
OP
THF Trophy Hunter
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OP
THF Trophy Hunter
Joined: Jun 2015
Posts: 5,923 |
Amen PigMoney!!!! I hate debt in any form or fashion.
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Re: Real Estate Appraisal Fees
[Re: Jgraider]
#8666573
08/17/22 01:44 PM
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Joined: Oct 2008
Posts: 16,797
68rustbucket
THF Celebrity
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THF Celebrity
Joined: Oct 2008
Posts: 16,797 |
You don’t have to downsize when you retire if you never upsize.
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Re: Real Estate Appraisal Fees
[Re: 68rustbucket]
#8666622
08/17/22 02:29 PM
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Joined: Jan 2010
Posts: 22,997
fadetoblack64
giddyup
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giddyup
Joined: Jan 2010
Posts: 22,997 |
Pretty sure I will end up living in a box ...I got almost as many mortgages as fingers and toes. Ya never know if youre living on the edge unless you fall off............odds are I find that edge..........oh well. Giddyup
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Re: Real Estate Appraisal Fees
[Re: Jgraider]
#8666634
08/17/22 02:35 PM
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Joined: Dec 2009
Posts: 9,841
The Dude Abides
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2009
Posts: 9,841 |
I wouldn't want to be paying mortgage or credit card interest right now...eff dat!
I am still looking for the perfect apron, one with reinforced knee areas would be perfect.
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Re: Real Estate Appraisal Fees
[Re: The Dude Abides]
#8666893
08/17/22 07:11 PM
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Joined: Oct 2019
Posts: 169
PigMoney
Woodsman
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Woodsman
Joined: Oct 2019
Posts: 169 |
I wouldn't want to be paying mortgage or credit card interest right now...eff dat! We might not have to worry about it, everyone will be renting soon enough. Ought to be illegal: [url=https://www.yahoo.com/finance/news/blackstone-prepping-record-50-billion-150000581.html][/url]
“We don’t rent pigs!”- Hat Creek Cattle Company
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Re: Real Estate Appraisal Fees
[Re: PigMoney]
#8666905
08/17/22 07:33 PM
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Joined: Apr 2012
Posts: 1,687
SherpaPhil
Pro Tracker
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Pro Tracker
Joined: Apr 2012
Posts: 1,687 |
I wouldn't want to be paying mortgage or credit card interest right now...eff dat! We might not have to worry about it, everyone will be renting soon enough. Ought to be illegal: [url=https://www.yahoo.com/finance/news/blackstone-prepping-record-50-billion-150000581.html][/url] It ought to be illegal to buy rental houses?
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Re: Real Estate Appraisal Fees
[Re: SherpaPhil]
#8666910
08/17/22 07:37 PM
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Joined: Oct 2019
Posts: 169
PigMoney
Woodsman
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Woodsman
Joined: Oct 2019
Posts: 169 |
I wouldn't want to be paying mortgage or credit card interest right now...eff dat! We might not have to worry about it, everyone will be renting soon enough. Ought to be illegal: [url=https://www.yahoo.com/finance/news/blackstone-prepping-record-50-billion-150000581.html][/url] It ought to be illegal to buy rental houses? Don't get me wrong I'm a middle of the road independent conservative that leans right, but at what point do we let capitalism completely ruin us? How long until the entire country is owned by the few? Look what China, Saudi Arabia, and Bill gates are doing. The Mesa Vista Ranch was almost sold to a Saudi Prince but 'ol T Boone said he would not sell it to a (insert derogatory term).
Last edited by PigMoney; 08/17/22 07:39 PM.
“We don’t rent pigs!”- Hat Creek Cattle Company
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Re: Real Estate Appraisal Fees
[Re: Jgraider]
#8666945
08/17/22 08:03 PM
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Joined: Jan 2013
Posts: 19,652
Pitchfork Predator
THF Celebrity
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THF Celebrity
Joined: Jan 2013
Posts: 19,652 |
Your post indicates your son is engaging the appraiser. Is there no lender involved? Is this a custom home or a production home? Sounds kind of high to me if it's a "to be constructed" appraisal and no inspection/measurements, etc. are required of the appraiser. In other words, the appraisal is based on plans. Most appraisals ordered by lenders are paid at closing. Need more details. My understanding as well. This is not far from you, in Anna, TX. Stonehollow homes IIRC. Let me know in the future when you visit him. I am about 2 miles north of his neighborhood on 17 acres in Grayson county just across the Collin county line. Currently building home and office should be moved in around January.
Last edited by Pitchfork Predator; 08/17/22 08:03 PM.
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Re: Real Estate Appraisal Fees
[Re: Pitchfork Predator]
#8666950
08/17/22 08:10 PM
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Joined: Jul 2019
Posts: 14,231
Hudbone
THF Celebrity
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THF Celebrity
Joined: Jul 2019
Posts: 14,231 |
Your post indicates your son is engaging the appraiser. Is there no lender involved? Is this a custom home or a production home? Sounds kind of high to me if it's a "to be constructed" appraisal and no inspection/measurements, etc. are required of the appraiser. In other words, the appraisal is based on plans. Most appraisals ordered by lenders are paid at closing. Need more details. My understanding as well. This is not far from you, in Anna, TX. Stonehollow homes IIRC. Let me know in the future when you visit him. I am about 2 miles north of his neighborhood on 17 acres in Grayson county just across the Collin county line. Currently building home and office should be moved in around January. You are going to nestle in nicely up there by that soil conservation reservoir.
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Re: Real Estate Appraisal Fees
[Re: Pitchfork Predator]
#8666965
08/17/22 08:24 PM
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Joined: Jun 2015
Posts: 5,923
Jgraider
OP
THF Trophy Hunter
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OP
THF Trophy Hunter
Joined: Jun 2015
Posts: 5,923 |
Your post indicates your son is engaging the appraiser. Is there no lender involved? Is this a custom home or a production home? Sounds kind of high to me if it's a "to be constructed" appraisal and no inspection/measurements, etc. are required of the appraiser. In other words, the appraisal is based on plans. Most appraisals ordered by lenders are paid at closing. Need more details. My understanding as well. This is not far from you, in Anna, TX. Stonehollow homes IIRC. Let me know in the future when you visit him. I am about 2 miles north of his neighborhood on 17 acres in Grayson county just across the Collin county line. Currently building home and office should be moved in around January. Sure will Mark. I'll look forward to it.
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Re: Real Estate Appraisal Fees
[Re: Jgraider]
#8670209
08/21/22 07:50 PM
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Joined: Aug 2006
Posts: 762
machinist
Tracker
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Tracker
Joined: Aug 2006
Posts: 762 |
How much are appraisals on just the lot? Our city is selling us our leased lots but they have to be appraised and Then we still have to negotiate the price.
some people like silver and gold I like brass and lead with a little powder in between
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Re: Real Estate Appraisal Fees
[Re: PigMoney]
#8670266
08/21/22 09:09 PM
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Joined: Aug 2009
Posts: 22,716
BigPig
THF Celebrity
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THF Celebrity
Joined: Aug 2009
Posts: 22,716 |
[quote=The Dude Abides]
That's how he's able to buy a $450k home with a $130k mortgage. You have good discretion/discipline in handling your money. Think about it. I'll "one up ya"...no mortgage here, living the dream! The practice of buying homes as investment properties is slowly killing the way of life we know. It'll back fire one day. Nobody knows when, but it always does. I wish people would stop looking at their primary residence as an “investment”. If anything it’s a terrible savings account.
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Re: Real Estate Appraisal Fees
[Re: PigMoney]
#8670400
08/21/22 11:18 PM
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Joined: Dec 2010
Posts: 8,841
DocHorton
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2010
Posts: 8,841 |
The practice of buying homes as investment properties is slowly killing the way of life we know. It'll back fire one day. Nobody knows when, but it always does. It'll backfire for the renters or the owners? People will always need a place to live....
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Re: Real Estate Appraisal Fees
[Re: Jgraider]
#8671122
08/22/22 05:48 PM
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Joined: Jun 2006
Posts: 8,340
Dave Davidson
THF Trophy Hunter
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Joined: Jun 2006
Posts: 8,340 |
I believe in DFW real estate.
Home in Hurst. Pd $108 about 20 years ago. House next door just sold for $440 after total remodel.
2 rent houses: Had both over 30 years since wife and I married. One in Mansfield pd about $100k 30 years ago. Now worth almost $300k Rental One in Hurst I paid $36k about 40 years ago. Now about $300k Rental
133 acres South of Bowie. Recreational property(junk land good for only fishing, hunting, 4 wheelering. Paid $408 per acre. Now, according to a realtor I know, is about $9 to $10k per acre. All properties are now debt free. Yeah, I believe I real estate. But, I have seen more than one cycle.
Without a sense of urgency, nothing ever happens.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley, Rancher Muleshoe Texas 1892-1985 RIP
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Re: Real Estate Appraisal Fees
[Re: Jgraider]
#8671281
08/22/22 08:50 PM
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Joined: Apr 2013
Posts: 8,498
freerange
THF Trophy Hunter
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THF Trophy Hunter
Joined: Apr 2013
Posts: 8,498 |
My daughter has a bakery in downtown McKinney, so y’all come visit. Limited hours, but if it’s open, she’s there. Bresnan Bread and Pastry.
At some point in life its time to quit chasing the pot of gold and just enjoy the rainbow. FR Keep your gratitude higher than your expectations. RWH
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Re: Real Estate Appraisal Fees
[Re: BigPig]
#8671306
08/22/22 09:18 PM
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Joined: Jan 2009
Posts: 19,258
Judd
#1 Creedmoor Fan
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#1 Creedmoor Fan
Joined: Jan 2009
Posts: 19,258 |
[quote=The Dude Abides]
That's how he's able to buy a $450k home with a $130k mortgage. You have good discretion/discipline in handling your money. Think about it. I'll "one up ya"...no mortgage here, living the dream! The practice of buying homes as investment properties is slowly killing the way of life we know. It'll back fire one day. Nobody knows when, but it always does. I wish people would stop looking at their primary residence as an “investment”. If anything it’s a terrible savings account.
Don't let your ears hear what your eyes didn't see, and don't let your mouth say what your heart doesn't feel
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