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Should A Cash Buyer Get An Appraisal?

By |September 22, 2012|Categories: Appraisal Tutorials & Info, Blog|Tags: , , , , , , , , , , , , , , , |

We received a call from a prospective client who asked about whether or not an appraisal was needed if she were a cash buyer. She went on to say that the price she was quoted by the  homeowner seemed reasonable since her friend had purchased a house nearby for just about the same amount. However, she stated that she had not seen her friend's home yet and the square footage and number of rooms could not be determined. This means that her friend's home cannot be used as a valid comparable.  Now, whether someone paying for their home with cash

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