If the bank have an apprasial done on a property before closing do you need to get another one?

Hollywood4u2c
Hollywood4u2c
Home Buyer
33170

Fri Aug 28 2009, 16:15 - Home Buying in 33170 - 1 answer
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Diane Loveridge
Diane Loveridge
Agent
Hollywood, FL
FIRST ANSWER

Hi Hollywood,

Do you mean another one before closing?

If you have had one bank appraisal that supports the purchase price during the contract period, then unless the sellers did some major repairs, or you have had a really, really long contract period, then no, you should not have to get a second appraisal.

If this does not answer your question, please give me some more detail. Thanks.

Diane Loveridge
Majestic Properties
(786) 210-3449
dloveridge@majesticproperties.com

Sun Aug 30 2009, 09:58
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