2nd Opinion Appraisal
Double Checking Purchase Price
For example, if the listing price and the agreed-upon purchase price differ, double-checking can help you negotiate a better deal or even walk away from a potentially overpriced property. In conclusion, double-checking the purchase price of a home before finalizing a transaction is essential for financial savings, peace of mind, and avoidance of potential disputes.
Just remember, the banks appraiser is looking out for the banks interests, not yours.
Agent Value Verification
Getting a 2nd opinion appraisal can greatly benefit real estate agents by helping to provide an accurate and achievable listing price. Getting a 2nd opinion appraisal can also ease homeowner concerns that they are not listing their property to low. Providing a 2nd opinion appraisal displays your professional commitment to providing exceptional service.
Family Disputes
In situations where family members are amicable, a 2nd opinion appraisal is an affordable solution to certain real estate decisions. For situations where tensions are high, a full appraisal is suggested.
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Homeowner Assessment
For homeowners who need an accurate assessment of their home for general purposes, and aid in decision making. A 2nd opinion appraisal is an affordable and effective option.
Concerns Over Bias
In today’s world homeowners may have concerns about appraisal bias. Key factors which contribute to appraisal bias include a lack of diversity in the appraisal industry and limited access to comparable sales data in certain neighborhoods. 2nd opinion appraisals offer an additional perspective, which can provide peace of mind over concerns of appraisal bias.