Skipping The Appraisal Can Cost ThousandsThis house sold 03/15/2019 for $400,000 in an all cash sale to a Realtor/Investor and no appraisal was conducted. The realtor relied upon an AVM (automated valuation model) to determine if the asking price was fair rather than paying the cost for a professional appraiser to provide a supported opinion of value. ![]()
In this case the realtor saved $400 on an appraisal but lost $35,000 by relying on an AVM. (By the way when it was appraised for the recent sale it appraised at $368,000.) Need A Home Appraisal In Phoenix, AZ?We do home appraisals in the Phoenix area including Scottsdale, Chandler, Gilbert, Mesa, San Tan Valley and surrounding areas. 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. ![]() |