How to get the best appraisal for your house or condo

Technology improves but lacks human touch

The real estate event of the summer
Connect with other top producing agents at Connect SF, Aug 7-11, 2017

A few weeks ago I enjoyed lunch with one of my favorite Realtors. During our conversation, she told me about a home sale she recently closed in an upscale neighborhood for thousands of dollars above any previous sale price in that area. As I drove home from our lunch, I couldn't help but think, "I wonder how that house appraised for a much higher sales price than any recent comparable home sales price in the vicinity?" I sure wouldn't want to be the appraiser who got that assignment. Purchase Bob Bruss reports online. When a home buyer makes a small or zero down payment, the appraisal is vital to obtaining a high loan-to-value ratio mortgage. However, if a home buyer makes a large down payment, then the appraised valuation to confirm the sales price is not so critical. WHAT IS AN APPRAISAL? A state-licensed appraiser makes professional real estate appraisals. Any other evaluation, such as a real estate agent's estimate of market value, is not an appraisal, but rather an opinion of ma...