FHA Loan Appraisal
January 16, 2011 2:54 PM Subscribe
Is it difficult to get houses appraised for asking price today using FHA loans/appraisers?
posted by rainygrl716 to home & garden (3 answers total) 1 user marked this as a favorite
Specifically in the Seattle area (North Shore area. We are looking at buying. Everything is set but now we have to wait on the FHA appraisal. We are using Wells Fargo, if that makes a difference. Sellers only dropped their price a couple thousand, which seemed fair to us given how updated the house is and how well they've taken care of it. Home is older, built in 1993, but they have remodeled everything. It's definitely one of the nicest maintained homes in the area. I'm just worried now after hearing some stories of homes not appraising for asking price. Our agent seems to think it won't be an issue. Does anyone have an thoughts or experiences?