Ways to Get a Cheap Home Appraisal

As a real estate agent for so many years already, I understand that the task of selling a home is hard. The seller will need to pay more people to be able to sell his home fast and at a high dollar price such as the real estate agent, home appraiser, home inspector, mortgage and even company representative and they make the task costly. Each of them gets a cut of his pie as his closing costs rise so he might want to hire people who can render services at affordable prices. This is something he can apply when looking for a home appraiser.

One way to lessen the costs of selling your home is to find a cheap home appraiser, but I understand that there are many people who are having a hard time finding a great home appraiser at a cheap price and that's the reason why I decided to write this article.

Cutting some costs through a cheap appraisal should not be taken lightly. What usually happens is that people scrutinized every detail of the offer from their lender and agreed on the low rate of 5 percent. They thought it was a great deal -- until they had to submit home to an appraisal. It came in $5,000 below their purchase price, which meant that they would have to make up the difference with cash in addition to paying closing costs.

The following are ways you can do to get a cheap home appraisal

• See if you can have your own appraiser. I understand that most banks have their own appraisers to take a look at the property, but you know, it never hurts to ask. If you can have your own appraiser, that's a big cut in the cost.

• Go to your lender and ask him if you could just perform your won appraisal. By doing this, you can cut the traditional cost into half.

• If the bank doesn't favor your request, just be sure to put your home in model home condition before the appraiser arrives.

• Get a quality appraiser who agrees to a scheduled fee.

• Ask around. Ask your family, your friends, and acquaintances if they could refer you a quality appraiser. You could ask for a discount.

• Go to a service club. They will be willing to give you some trusted names.

• Hand him a list of the home's special features, especially those features that can add value to the home.

If you can provide comparable properties to your appraiser, it will be an advantage.

 • Prevent going to an expensive walk-through appraisal if the bank allows a drive-by. If you can give them some market comparison and be able to convince them, you can have a solid investment.

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