HOW DO I GO ABOUT FINDING/SELECTING AN APPRAISER FOR A HOME PURCHASE, IF I’M NOT GETTING FINANCING?

Since I’m not removing financing, my lender isn’t arranging an estimation (since I do not have the lender). So how do I collect the creditable appraiser?
I have the debt strait in the contract. I need to have an estimation to strengthen myself as well as my investment. That is because banks do it, to strengthen themselves. I am you do the same.

{ 2 comments… read them below or add one }

bukakitonight May 17, 2010 at 12:25 am

Why do you need an appraisal if you are not financing? Focus more on the home inspection and any contingencies.

PoohBearPenguin May 17, 2010 at 12:52 am

I’m confused: “my lender isn’t arranging an appraisal since I don’t have a lender.” ???

If you just want an idea of what your house is worth, look at Zillow.com – just be aware it’s not very good at doing prices based on comparable houses. So if there’s a shack next to you worth $50, Zillow uses that figure to calculate your house’s value. As a result, Zillow is only really good for getting a ballpark idea of your house’s value. It’s also good for seeing what’s for sale in your neighborhood.

If you actually need a house appraisal, and your bank/lender isn’t providing the appraiser, most house inspectors can give you one but you’ll have to pay (usually $400.)

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