Received a new appraisal yesterday. It’s better, but still short of what we needed to complete the project. For those of you who are unfamiliar with the lending process, here’s how it works:
Banks will loan you a certain amount of money based on the appraised value of your project. To keep it simple, let’s say [...]
Well, tomorrow is THE DAY. The bank’s appraiser will be coming by the house to do a walk-through. This will be the second appraisal of the current home and Live/Work Propoert. The number we need to hit is ambitious, BUT the new appraiser agrees that it’s valid to use duplexes as comparables.
The reason duplexes are [...]
I recently met with Taylor Watkins of Watkins and Associates. Taylor was referred by Beth of Living Spaces Design, as well as Renee and Lorie of Rose City Mortgage. Sadly, Taylor had an emergency come up and wasn’t able to help us with the project. However, once he’s back to full speed, I highly recommend [...]