Maybe. An appraisal is an excellent way to have an independent third party’s opinion about the value of the property. The appraised value may be more or less than the value estimate a seller may receive from Senior Care Realty. So a seller just needs to decide if the cost of the appraisal is worth it. But keep in mind that a seller’s appraisal may have little or no value to a buyer, except as a potential negotiating tool. A buyer’s lender will need to order their own, independent appraisal of the property too.
Posted in: Seller FAQ