Home Buyers:

Why Buyers should get an Appraisal:

• In the current real estate market of rising home values and limited inventory it is a good idea to obtain an appraisal before entering into a purchase agreement. An appraisal will provide you an unbiased estimate of the market value of the property.
  
• An appraisal is an effective tool when bargaining.
  
• An appraisal provides you with factual data regarding the value of the property.
  
• Real Estate brokers and agents get commission paid based on the price paid for the property - the more you pay for the property, the more commission they make.
  
• Generally you will need an appraisal done to obtain a mortgage when purchasing a home. If you enter into a purchase agreement and are overpaying for the property, the appraisal you get done may not come in at the value you paid for the home.