Should I have my house appraised?

Question

Spirit Messingham · Accepted Answer

In today's STRONG sellers market, I would not recommend paying for an appraisal.   An appraisal is a statement of opinion, in writing.  If the buyer is obtaining financing to purchase the property, let them pay for it.  Here in Tucson, AZ many offers agree to waive the appraisal contingency.  25% of all sales here are cash, which means no appraisal.  Talk to your local Realtor about what your home is worth and get it on the open market for top dollar.  Good luck!   Spirit

Keith Watts · Answer

As usual, two excellent answers from Anna and Spirit.

MICHAEL LYNCH · Answer

Like Spirit's answer as well as Anna's, but don't like anything to do with Zillow or their Zestimate.  It's BS and doesn't amount to much. Very inaccurate.  Along with the fact that once they make their big move, they'll try and push most of us agents out.

Anna Palasz · Answer

Hi, this depends on Your asking price and Your market - a Realtor should know some appraisers, however You can also google appraisers in Your area.  Zillow Zestimate is usually a great place to start as it takes into consideration recently listed and sold homes with similar criteria to Yours... but it could be entirely off also.. Feel free to reach out if You're in NY/NJ/PA for more details.  Goodluck!

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