Appraisals are one of the biggest scams in the Real Estate business. I've bought and sold at least 40-50 properties in my lifetime. The appraiser always wants to know what the contract or sale price is and the appraisal comes in at that amount or a little over. EVERY TIME.
If you're getting an appraisal on your own without a contract or established sales price then the appraiser will base the price on comparable properties in the area. Price per sq/ft is what generates the price. You can get that figure on your own.
|