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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 N. | Beckley, WV | 936 views | Tips Advice | 3 years ago
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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.
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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.

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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.

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