1,617,916
justify selling price
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Debe Maxwell, CRS
Charlotte, NC
5,254,695
Homeowners? To set the sales price, primarily.
-
Ron and Alexandra Seigel
Carpinteria, CA
5,583,328
If they have an appraisal BEFORE they list, they may be of great help to verify the figures to be given by the agents who will be called in....
other than that, the appraisal is done for the bank to make sure the property is worth the sale price on the agreement.... the bank doesn't want to own it in the future!!
1,506,163
809,258
They help buyers get a mortgage so the homeowner can sell their home. Or they help the homeowner know value to refinance. Or they help the homeowner to show value to drop mortgage insurance. Or they help a homeowner price their home for sale. Or they help the homeowner to show value to get a home equity line on their home. -Kasey
2,784,736
They help the lender control their risk & downside plus reel sellers in
2,192,420
1,466,257
Appraisals don't help homeowners other than establishing a price in which the lender will give a mortgage to a buyer.
4,800,132
They don't really help or hurt homeowners, but are a way to establish a market value.
921,504
Identifies obstacles that may lay ahead.
The biggie is make sure the bank is not the 'sold price' negotiator.
4,961,547
3,071,489
5,113,121
4,434,177
4,319,773
321,564
5,772,587
6,419,449
3,988,013
In some ways it helps keep a buyer from overpaying if the contract is written with an appraisal contingency.
1,712,776
1,241,879
It used to be the home sellers justify the price based on appraisal often more than one.
These days the sellers have unrealistic expectation sky is the entry point.
They think they contral the price.
3,349,554
2,684,669
1,553,599
3,416,038
For a seller it tells you what the property is worth to sell it at or near. For buyers, it insures you are not paying over market value. For banks, they want loan more than the home is worth.
7,864,182
420,003
Demonstrates what other similar houses have sold for in last 90 days. Is not a guarantee or promise. A market opinion
5,240,047
3,986,308