Apr 13, 2021
8:06:23am
8:06:23am
Understandable, but wrong.
An appraisal on a home loan is done for the bank, not for you the borrower. The bank is required to get one in order to verify that the value is there in the collateral they are loaning on. If you want the bank’s money, you have to satisfy their requirements. If you wanna pay cash, pay whatever you want.
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- Wyomingite
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- May 19, 2018
- Last login
- Oct 15, 2023
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I don't disagree with the last part, but that's not the appraisers' fault. They have a legitimate job to do for the most
4/13/21 7:41am
4/13/21 8:00am
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4/13/21 9:29am
Why is the answer not just a simple computer program that does some data modeling to find a value range based on comps
4/13/21 9:40am
4/13/21 10:03am
How are competitive neighborhoods picked by an appraiser? Not sure how emotion plays into an objective valuation
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