You've been shopping for a new home and you've finally found one that you think you'd like to make an offer on - or you've already made an offer...but you're not quite sure what the property is worth. Obviously you don't want to overpay, but how can you know for sure what it's worth?
This is where we can help you. One of the best ways to make sure you're not overpaying for your new home is to hire an independent real estate appraiser to provide you with an unbiased opinion of value.
No One Cares More About Your Money Than YOU
No one else cares more about your money than you. Not your real estate agent, not the bank, and certainly not the seller. That's why it's up to you to make sure you don't overpay for your new home.
The hard truth is that it's in everyone else's best interest to make sure the deal goes through, regardless of whether or not you're overpaying. You're the only one who really cares if you're overpaying for your new home and it's up to you to prevent that from happening.
Beware of relying solely on the appraiser hired to do an appraisal for your mortgage application. Often times, the appraisers hired by the mortgage company have an incentive to "make the number" (i.e. to make sure the appraised value comes in at or higher than the purchase price). Although, this type of unethical (and illegal) behavior is deplorable, rest assured that it happens all too often.
Protect yourself by hiring your own independent real estate appraiser to provide you with an unbiased opinion of the property's value. Only then can you have the peace of mind of knowing that you're not overpaying for your new home.
Don't Be Penny-Wise and Pound-Foolish
The purchase of a home is likely to be the largest financial transaction of your life - it pays not to be "penny-wise and pound-foolish." Hiring an independent real estate appraiser to provide you with a professionally prepared appraisal report of your prospective new home is one of the smartest things you can do in this situation.
Investing just a few hundred dollars on an independent home appraisal prior to buying could save you as much as $5,000, $10,000...even $20,000 or more.
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