The Appraisal is Convenient?
The Hopkins area project saga continues as the appraisal was done today. They city assigned two “independent” appraisers to come out and appraise the property. The letter says that they will base their offer off of the highest of the two appraisals. I find it interesting that they send them both out on the same day at the same time. This is supposed to be more “convenient” for the homeowner. So now they are interested in convenience? So let me translate this…We don’t really care that you are already rehabbing the property and bringing value to the community. We don’t care that it is on a preservation block which means that we are not taking the whole block for roads, utilities or any other public use. We want your property so that we can rehab it and sell it for our own profit. We are interested in acquiring your interest in your property and we can use eminent domain if we have to. All at your convenience. Gee thanks!
I hope that in the end I will be writing about how well thay handled this transaction. Maybe they will do whats ethical and pay me for my INconvenience. That’s what I call convenient!
posted in Hopkins Project, House Flipping | 1 Comment
