Question:
“When someone is considering selling and if they want to speak with you regarding how much their property is worth, do you charge a fee for this or only give them a guesstimate? I want to make sure I understand…They have to get a separate appraisal since the value you provide isn’t considered THE appraisal, right? Thanks for any info…”
Answer:
Excellent question…
If someone is considering selling a home or other property, I provide a FREE estimate of what price they can expect. Having evaluated some 10,000 for clients over 35 years, my estimates tend to be pretty accurate.
Appraisals are typically done by the buyer’s LENDER, as the lender wants to know the property (their security for the loan) is worth what they’re being told. Of course, if the buyer pays all cash, no appraisal is required.
Buyers and sellers are free to pay for their own appraisals, typically $600 and up, but rarely do.
