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The Appraisal is Good!

August 26, 2012 By Megan Smith Leave a Comment

I got my appraisal back this week, and I was so thankful to see that it’s good!  It’s actually only $1000 under my purchase price from last February.  Of course, that’s $3000 under where it appraised at that time.

Thoughts on this?

Well it’s frustrating to see that I put money into improving the house since the first appraisal and to see the “value” drop.

But on the other hand, I’m not looking to sell anytime soon.  I didn’t buy this house as an investment property – I bought it as a place to live.  So in general, I am just trying to be happy that the refi is going well and I will be saving money every month!

Filed Under: homes

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