Profile picture for molly jones

how can I get a free appraisal?

  • June 22 2011 - Denver
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Answers (14)

If you wish to have an appraisal to justify your sale price, you simply have to pay a licensed appraiser.

An appraiser uses the most recent data to derive a valuation. It will help you with pricing but not guarantee you will get the appraised value.

 If it takes more than 90 days to get an offer on your property, the data used to compute the appraisal cannot be MORE than 90 days old.  In other words, after 90 days your appraisal could be obsolete.
  • February 15 2013
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Profile picture for user4264919
I say this your % at the end of any sale is good or you wouldnt do it.  $300 for a few fingies doing the walking on a calculator, more then likely some kind of software that someone is charging you way to much for , but you buy so you dont have to get off your but as much for a customer.. Your apprasials  are like my estimates  and I dont charge for them Im not out to take ones penny out of their pocket I make enough from the build it self. so for you realtors and doctors high priced friggin lawyers are all over rated as well as all you sports players (unbelievable) and if you all were under control and quit thinking money is moral this country would not be where it is today with insurance. The ol mighty buck will destroy us you wait and see.
  • February 15 2013
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If you are buying some lenders will pay the appraisal fee or credit th ecost at closing...otherwise in my experience you will need to pay fro an appraisal.  Remember you get what you pay for....best of luck
  • December 10 2011
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Profile picture for sryan1980
there are no free appraisals. licensed appraisers do not work for free. what you want is a CMA provided for free by a local realtor
  • December 07 2011
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Profile picture for Frank Rosati
It depends on the purpose of the appraisal. If it is being completed for a refinance, the lender can give you a lender credit to absorb the fee. If you need the value of your property for informational purposes or for a tax appeal, most realtors will do it as an act of good will. I take care of people by helping them first and the business follows. Find a reputable agent in your area and give them a call.
Best,
Frank
  • September 08 2011
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I don't know very many Realtors who are  "volunteers.".

Hmmm  you must be working in an office one.
  • July 24 2011
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Profile picture for SoCal Engr
As a professional I ask if all you want to do is find out how much your house is worth then please hire an appraiser and pay the $250 or whatever it costs. Realtors are professionals and we work very hard. Our time is valuable and we choose to spend time providing information to buyers and sellers because that is what we do. I don't know very many Realtors who are "volunteers."

That was an awfully nice way of saying, "Please don't waste my time unless there's a reasonable chance I can make a commission in the process."

REAs always tout their CMAs, and it really doesn't take all that much time to do a little research. How much time does it really take to do a CMA, especially with supporting software? There was also an interesting discussion on the relative value of a CMA, especially given the possibility for conflict-of-interest inherent in a REA generating one for a potential client.
  • July 24 2011
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Molly,
One thing that you may get with what is often considered to be a free CMA presented to you by a Realtor is finding out all the work and professionalism that is involved with marketing your home.  It is not all about price. That said, if you price your property more than 4% above the market you will probably be holding it to it a lot longer than you'd like.  Remember, the first offer on your home is the one you make to the public.  The public will then speak to you through the showing or lack of same.

As a professional I ask if all you want to do is find out how much your house is worth then please hire an appraiser and pay the $250 or whatever it costs.  Realtors are professionals and we work very hard.  Our time is valuable and we choose to spend time providing information to buyers and sellers because that is what we do.   I don't know very many Realtors who are  "volunteers.". 
  • July 24 2011
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As unpopular as it may be, CMA's, appraisals and guestimates are all relative.  The more current and complete the data and the understanding of it, is all that gets the best guest.  How good that guess is determines it's value.

So, yeah, you usually get what you pay for. 
  • July 24 2011
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Profile picture for snoopysdad
Take Your 'zestimate', the $# that 'home-gain' puts out, and the figure that Your county property assessor/appraiser has delegated for 'current market/resale value....add the 3 together and devide by 3.

(^that Was a JOKE btw^)

Good is seldom free and 'free' is never good is what I grew up learning.

You GET what You Pay For and since YOU Don't work for free (and likely never have), You shouldn't expect a highly trained person, who carries the obligation of possibly GOING TO JAIL for basing Your work product and valuation on inaccurate or inappropriate information, is pretty rediculous on Your part (<no offense intended here).

When You see the amount of work that goes in to that $350.-$450. Appraisal, You'll realize that You received MORE than You paid for. Appraisals used to have 3 comparable sales to base value. Now they come with 6-7-8 (or more) all of which take more time, effort and energy, along with Driving to all the comparable properties and taking pictures of them, etc. Out of 10's of Thousands of appraisals received and reviewed over the past 30+ years in this business...I've seen 3...just 3, that stunk. 2 of those 3 apparisers wound up in PRISON and the 3rd hasn't been in the business since 2007. Don't be afraid to pay for a professional. It's like Doctors, Attorneys, Plumbers and Electricians. They're ALL 'worth it'.
-HTH
  • July 06 2011
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Profile picture for Brett And Jen
Unfortunately, this is not likely to happen. I have heard of some lenders waiving the appraisal fee, but don't know for certain.
  • June 23 2011
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Profile picture for SoCal Engr
There's a part of me that wants to wait for a REA to jump on this thread and push a CMA. However, as a pre-emptive strike...

A CMA is a REA's guestimate of value - so it is only as good as the REA and their motivation (i.e., are they trying to buy your listing with a slightly high CMA?).

Only valuations like Zestimates are only as good as the available data driving the algorithm - and are not of any value in actual appraisals.

Which leaves...paying for an appraisal from a real appraiser.

Sorry, no free lunch that I've ever heard of.
  • June 22 2011
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Make a BIG donation to your local appraiser.
  • June 22 2011
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Profile picture for David Widlund
I can only think of smart Alec remarks on this one. Sorry.
  • June 22 2011
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