Should Sellers Get An Appraisal?Here is the advise I give sellers. If the price you want for your house can be easily supported by recent comparable sales then it may not make sense to have an appraisal done. An appraisal "may" become a material fact about the property, especially if a buyer ask if an appraisal has been done recently. If the appraisal is favorable to your position then things may be ok. But what if the appraiser comes in with a value that is way below your asking price. I know appraisals "should be" very close to one another. But in today's maket where comparable sales may be hard to find, it leaves more to subjective opinion on the part of the appraiser. I have seen two appraisals on the same house done a couple of months apart come up with values tens of thousans of dollars apart. And timing can be everything when it comes to an appraisal. Here are some examples of when it may be good to have an appraisal done: 1) The price of the house is very hard to arrive at. There are no or very few comparables or the house is so unique, such as a log cabin that may not have any direct comparables. 2) You want to be sure the house will appraise for the price you are asking. I have seen some desireable homes, say in a historic area, that would never appraise for the price they were contracted for. And if the buyer needs a loan and the appraisal does not come in at your price it may be difficult for the buyer to close if the bank cannot justify the price for the loan. 3) If you the seller cannot seperate yourself and emotions from the transaction itself. If you built the house with your own bare hands and you know that every single nail went in with loving care, you may think the value is much higher than it actually is. An appraisal can give you an unbiased opinion of what it is really worth.June 09 2010 - Chapel Hill00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.