Are probate appraisals accurate?

Question: “Hi Gary, my father died without a living trust, so his home is going through probate. The probate appraiser said it’s worth $850,000. That seems a little high. Are probate appraisals accurate?” Answer: Rarely. In my experience, probate appraisals are about the most inaccurate appraisal you could possibly get and tend to be high.
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Does It Matter How Much the Buyer Puts Down on Your Home?

Question: “Since I am not carrying the loan on my house, should I care how much the buyer puts down?” Answer: Yes! All other things being equal, the higher the down payment, the stronger the borrower’s qualifications and looser the lending requirements. And a side benefit is that if the appraisal comes in low the
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Should You Get an Appraisal Before Selling?

Question: “We plan to sell our home and get it on the market in the next few weeks. What’s the first step, getting an appraisal?” Answer: You certainly can get an appraisal, but you’ll be shelling out $500 for what your agent will do for free. Basically, your steps are: Find a good agent Determine
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Must Sellers Disclose San Diego Home Appraisals?

Question: “I just bought a house and we closed a few days ago. We paid $550,000, but now I just heard from a neighbor that the old owner had the house appraised and it was for $525,000. Didn’t they have to disclose that?” Answer: Simple answer is “no.” But I rarely keep it simple, do
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Finding Out the Bank’s Appraisal of Your San Diego Home

“When I sell my home, will I find out what how much the bank appraises it for?” Answer: If the appraisal comes in at the sales price or higher, the bank tells us the appraisal was “sufficient” or some similar term, but they don’t usually release the price. If it’s low, they do tell us
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