- Aug 27, 2006
- Professional Status
- Certified Residential Appraiser
I had a private appraisal request from a tenant wanting to know what the current market value of the house they are living in/renting before making an offer to the landlord to purchase. The tenant is not currently in any written negotiations with the owner only a verbal discussion that they would like to purchase his home and he has stated he is willing to sell. Are there any issues or landmines with this as the owner is not involved or aware that the tenant is having his property appraised. I have not encountered this situation for a private assignment. I could not find any similar threads in this forum. thanks in advance for anyone taking the time to post.