Does having a home “pre-appraised” or “pre-inspected” make a difference? Is this money well spent by the average seller? Do buyers and buyer agents care, or are “prelisting” appraisals and inspections not considered credible? Should a seller-provided appraisal be accepted as impartial by a buyer?
What is your natural reaction to being told something is worth X? Do you say to yourself, “It might be worth that to you?”A few things immediately come to mind when a seller-provided appraisal is pushed front and center: What is the relationship of the agent to the appraiser? Seller to the appraiser? What was the stated purpose of the appraisal? What is the background of the appraiser?
When was the appraisal completed and what are the trends in the area? Who paid the appraiser? Was the appraisal completed as an underwriter would expect? It’s interesting how frequently prelisting appraisals are above list price: “Appraised at $450,000 and reduced to $380,000.”
- See more at: http://www.inman.com/2014/01/08/when-a-prelisting-appraisal-or-inspection-is-worth-the-trouble/?utm_source=20140108&utm_medium=email&utm_campaign=dailyheadlinesam#sthash.Cp2Rlmm6.dpuf
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