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real estate: What's the Big Deal? Appraisal vs Estimate of Value - 03/26/08 03:01 PM
There is a difference when a Realtor gives you an Estimate of Value, and when an Appraiser gives you an appraisal. Some folks, quite innocently, pay up to $500.00 (by the way, home evaluations from Realtors are free) for an appraisal on their home before they call a Realtor; perhaps as proof of how much their house is REALLY worth to prospective buyers. Guess what, those Buyers will just compare your home with the others on the market, and the ones that have recently sold. That appraisal does not impress Buyers. Once your home has an offer, the lender will order … (3 comments)

 
Rayne

Rayne Palmer

Berkeley, CA

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Better Homes Gardens/Mason McDuffie

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