So we are in the process of refinancing our home and the bank is requesting an appraisal. We are asking for about 159k and the city appraised our house at 275k. We live in a cookie cutter neighborhood, and so the comps are super easy and all the houses are selling in the high 200's.
Today, we received notice the appraiser wants to come on Monday (just 3 days away!). We have 2 little boys and work full time so cleaning the house will be easy but repairs, not so much. I want a good LTV ratio so we can drop the PMI but I'm worried about one region of our home.
This area is an eye sore and has a small amount of water damage. How bad is this going to affect us ???flooring and wood panel
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