After all, it's only money. Who cares if you pay too much and you owe more than it's worth. Making the investment of buying a house for your family for many thousands of dollars is no big deal but that $300 to find out if it's really worth it is just too much. You just want to make sure you get what you want when you want it and the loan officers and Realtors involved will protect you because the higher the price and the higher the loan - the more money they make.Appraisers, after all, can undermine a deal by scaring away lenders if they decide that the home you so desperately want to buy or sell is overpriced. It’s a privilege for which you can pay $300 or more.
Man I would be pissed if that appraiser guy prevented me from buying a house that was $30,000 overpriced... and "undermine"? We are a bunch of little vengeful maniacs running around underming deals now...Appraisers, after all, can undermine a deal by scaring away lenders if they decide that the home you so desperately want to buy or sell is overpriced.
Is this guy for real?In a busy market, even getting an appraiser to show up can take weeks, adding to the anxiety.
And that whole paragraph just FEELS underhanded... This is the kind of thing that would be the cause of a lawsuit if appraisers were more organized...Banks have spent years building databases of old appraisals and comparable sale prices in different neighborhoods and regions, and can now apply complex formulas to all that data to determine in minutes whether a property is priced right. No appraisers needed. Time saved. Money saved.