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re: How accurate is a home appraisal for the mortgage company?
Posted on 11/20/20 at 3:11 pm to StringedInstruments
Posted on 11/20/20 at 3:11 pm to StringedInstruments
That's pretty typical for the appraisal to come in at or slightly above the sale price.
Technically, the appraiser should NOT even know what the contract price is. But it is usually known to the him/her.
I understand how you feel. You paid for the appraisal and wanted to know the current fair market value.
Not clear if you're selling or buying. Please clarify.
Technically, the appraiser should NOT even know what the contract price is. But it is usually known to the him/her.
I understand how you feel. You paid for the appraisal and wanted to know the current fair market value.
Not clear if you're selling or buying. Please clarify.
1
Posted on 11/20/20 at 3:41 pm to ItzMe1972
quote:
Not clear if you're selling or buying. Please clarify.
I bought.
Just seems odd that there could be such a discrepancy between that house and mine and I’m skeptical that the appraisal was dead on the sales price which was even at a discounted number due to not using realtors.
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