Real Estate Appraisal Issues
It's one of the most common complaints in real estate, the appraisal is too low or too high. If you're dealing with a short sale the bank will often appraise the home too high, then you really do have major real estate appraisal issues. However, when you're buying you don't really want the appraisal to come in low, because that means you're looking for a new home or paying the difference if you are financing it. Then again a buyer is hoping that the appraisal protects them.
How can an an opinion of value be unbiased when the person coming up with the opinion sees the contract?
If the appraisal is supposed to be what fair market value is and what a buyer is willing to pay for a home, then wouldn't seeing the…