Anyone Can Request An Appraisal
When buying/selling a home, an appraisal is an essential piece to determining value. If you are getting a loan for the home purchase - as is usually the case - it is the lender or bank who requests an appraisal, and finds the licensed appraiser to perform the work. But anyone can request an appraisal.
Selling a Home: Why Get An Appraisal?
For home sellers, It's very hard to be objective when setting a home price because of your emotional attachment to it. A professional appraiser will give an independent third party opinion of your home's value, this way you can have reassurance, and set a realistic selling price based on how much the home is worth.
In addition to helping you set a realistic selling price to attract buyers, a professional appraisal is very valuable as a negotiating tool once you have a potential buyer. It gives you something concrete to show your buyer when settling on a final purchase price.
Buying a Home: Why Get An Appraisal?
For home buyers, it can be unnerving not to see a home appraisal, even after the home is under contract. While the lender or bank requires their own independent appraisal after the home is under contract, they are not obligated to show the appraisal to the buyer. In some instances, the home loan might qualify for an Appraisal Waiver. In this case, the home buyer won’t see an appraisal because lender didn’t order one.
But a home buyer CAN order an appraisal separate from the lender. Why? You might find it important to see the actual appraisal - or in the case of an Appraisal Waiver it may be the only way you will know the actual value of the home.
Other Reasons For You To Order An Appraisal
If you hire an appraiser, be sure he or she is licensed, certified, and has plenty of experience appraising homes in the area.
Schedule Home Appraisal Services
We welcome you to look through our website, review appraisal services, join our Facebook community, and learn more about our expert appraisers.
Give us a call to schedule your appraisal.