Wednesday, September 26, 2012

Crestfallen

The results of the appraisal were disappointing.  Doubly so because we found inaccuracies in the report:  it says our house has two bedrooms, when it very obviously has three.  The report also says our house has vinyl windows, which it does not.  Some of the windows are the original, 100-year old wooden windows with wavy glass panes, and we saved up for top quality wood architect series windows for those that we needed to replace.  So now I have to email them and correct the errors.  Who knows, maybe we'll see an increase of $10 or so.  Or maybe they'll deduct value as a whining penalty.

Have our lives changed in any significant way because someone assigned a number to our house?  No, but trust me, it really sticks in your craw when some stranger walks through the house you've loved for over ten years and pronounces it ("the subject") a pile of shite.  The urban courtyard of excellence doesn't seem like such a worthy project anymore, although it may still be possible for the refinance to go through.  I have no idea what the loan-to-value ratio is supposed to be.  No doubt someone will tell us.  In the meantime, we'll consider moving a herd of goats into the living room and squatting here until the house falls down around us.

On the bright side, our house looked really cute in all the pictures taken by the appraiser.  Also, I got home from work Monday and found that Jon had strategically place a bathmat to hide a damaged spot on the bathroom floor.



That doesn't look suspicious AT ALL.

9 comments:

  1. There are days when I think a cardboard box might be more sturdy than my house of decrepitude.

    That rug placement is very post-modern and subtle. If you're blind!

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  2. He might as well have left a note on top of it: LOOK UNDER ME.

    Our neighbors (who have a 5-bedroom townhouse like ours) had an appraiser come in and count only 3 bedrooms. Ridiculous.

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  3. I can't get past the fact that your bathroom is big enough to house a chair and a dresser. Of course maybe that's just another distraction strategy - I can't see a tub or shower...

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  4. Annie, the tub is off to the left. There's a washer and dryer in there too. It's actually bigger than one of the bedrooms. And the bathroom has the only closet. Maybe it is really the only bedroom and we should all be sleeping in there.

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  5. These guys are supposed to be professionals, can't you complain to their professional body?

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  6. That sucks. With those kinds of errors--missing a whole bedroom? vinyl windows when there are clearly no vinyl windows?--maybe the appraisal amount is a mistake too. [fingers crossed] I hope things work out with the refi.

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  7. Definitely contest the appraisal. Also be willing to have another one done. We ended up having three earlier this year when we refinanced. It doesn't help that our house is unlike anything else, so the comps were totally ridiculous, but it was the inaccuracies that drove me nuts.

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  8. I emailed the loan officer. We'll see what happens.

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  9. Contest.
    What a headache--appraiser and assessor, I always forget which one I'm trying to impress and which one I'm trying to NOT impress!
    The rug--that's classic man-decorating.

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