I have got a bit surprising results, today, of the bank appraisal for the property I intend to purchase. Agreed price, which seemed pretty good to me was 90k, but bank appraised it on 70k. So far I have never had appraisal being so much off, if not even higher. So, my question is by your experiences what do you generally think about bank appraisals, as how precise they are, how honest, do they really reflect exact price according to current market conditions?
Thanks a lot to everybody!
Dejan
Thanks a lot to everybody!
Dejan