Does having a home "preappraised" or "preinspected" 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 appra...
Nov 11, 2013 by Inman
Jul 1, 2013 by Inman