×

Go Back

Advice Topics

Top Contributors (View All)

Find a Top Real Estate Agent Near You

Search Now

How do I go about having a home appraised I want to buy?

Before I buy I want to know it’s worth the amount I’m spending
Asked By Sandra K. | Beckley, WV | 1080 views | Tips Advice | 4 years ago
Answer(3)
Sort By:
profile img
Rising Star
11 Answers
Jeannie Ricke-Finley

CENTURY 21 Arizona West

Sandra, If you are paying cash an appraisal may not be needed. If you are financing the finance institution will order an appraisal to determine if the risk of loaning money is a good deal for them. Costs of appraisals are going up drastically because of the short supply of appraisers and big demand for their expertise.
profile img
Novice
1 Answer
Shelly Hendrix

RE/MAX Next Generation

(71)

If you are financing with a lender, they usually make you get an appraisal and will order it for you.

Are you ready to find a top agent near you?

Browse profiles of the highest ranked agents in your area and find one that meets your specific needs.

Search
profile img
Novice
1 Answer
Michael Jensen

Fathom Realty Group, Inc

I agree with Shelly at RE/MAX, and unfortunately most often you will be paying for the appraisal in advance. In effect you wont know the market value until that appraisal is done. There are a few online tools that can estimate value, but the appraiser will take more into consideration than the online estimates. If you are working with an agent, chances are they have access to tools to let you know if your close. If the property doesn't appraise, you can try to renegotiate, however every deal is unique to its parties so no way to know going in. Lean on your agent for help on this.

Related Questions

Search for Agents by Top U.S Cities
Search for Agents by States
Search for Company by States