If you're hiring an appraiser because you're purchasing a home and you want to know if the value of the homes equals the price you offered, you will be wasting your money. That is because the bank who issures your mortgage will hire its own, independent appraiser.
The price your appraiser comes up with will have no bearing on their appraiser's valuation. Similarly, if you're the seller, the opinion of the appraiser you hire will have no bearing on the valuation placed on it by the buyer's bank's appraiser.
Marc Jablon, The Jablon Team
RE/MAX Complete Solutions