Black CA couple lowballed by $500K in home appraisal, believe race was a factor
The Austin family sunk $400,000 into renovating their home, but were stunned when they barely gained any value during the appraisal process. When they had a white woman pose as the homeowner, that all changed.
Hasnain says:
Where do I even begin...
“"We had a conversation with one of our white friends, and she said 'No problem. I'll be Tenisha. I'll bring over some pictures of my family,'" Austin said. "She made our home look like it belonged to her."
The home appraised for $1,482,000, or roughly $500,000 more than it appraised for just weeks prior.
The change was equal to a nearly 50% increase in value.”
Posted on 2021-02-14T20:12:26+0000