From: archer1267@yahoo.com (Wendy)
Newsgroups: misc.consumers.house
Subject: Re: Appraising home before making offer in Boston suburb
Date: 7 Jul 2003 12:08:40 -0700

sowmini_sampath@hotmail.com (Arulmozhi) wrote in message news:<5bacfb0e.0307021026.60af9a0b@posting.google.com>...
> Although I am reasonably confident about my evaluation of the value of
> a home I am considering buying, I would like an independent opinion
> before I make an offer.  The market is really turning here and I want
> to protect my downside risk. I don't want to take what the mortgage
> company's appraiser says as the gospel truth since they obviously have
> a vested interest.  Can someone recommend an appraiser who exclusively
> works for buyers in the greater Boston area.  I called around and got
> a quote for $300.  Is this pretty standard? Also I wonder why buyers
> don't make this a necessary step just like a home inspection.  In a
> market like this it is scary to rely on the mortgage company's
> appraisal alone.


You realize that appraised value and market value are two different things, right?