De-Vilifying The Home Appraisal
AKA - What I Did To Ruin My Home Buying / Selling Vacation This Summer
Requesting an appraisal is always a double-edged sword. It's a clear sign that we're moving closer to the closing table - hooray! But it can also create some tension between the buyer and seller knowing that the mortgage company assigns so much importance to it's results.
In this great article from Realtor.com, Cathie Erickson does an incredible job of debunking some common myths about the appraisal process. Cathie is a journalist who writes about real estate, finance, and health and lives in Portland, Oregon.
And oh, important side note, stop looking at those ridiculous values assigned by zestimates and any other on-line algorithm based applications. If you don't have a skilled professional human involved, you're not gathering accurate, useful information.