When my house was bought in 2015, I think the appraisal was 130k... I owe 113k currently. I think that was just a drive by appraisal (outside only) though I’m not certain how thorough the lender’s appraisals typically are.
Is it possible that my house may be appraised 10k higher just because housing values have risen in this area? If the appraisal came in at 140k, At $90 per month, a $400 appraisal would pay itself off in no time.
I haven’t done anything but replace all appliances so I doubt an appraisal would come back higher, if at all.
Edited by weep er, 20 August 2019 - 06:34 PM.