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Updated about 1 month ago,

Craig Parsons's profile image
Craig Parsons's profile image
Craig Parsons
  • Contractor
  • from Orofino ID, Hollister CA
  • Member since Jan 25, 2021
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User Stats

137
Posts
70
Votes
Craig Parsons's profile image
Craig Parsons's profile image
Craig Parsons
  • Contractor
  • from Orofino ID, Hollister CA
  • Member since Jan 25, 2021
Connect
Craig Parsons
  • Contractor
  • Orofino ID, Hollister CA
70
Votes |
137
Posts
General Real Estate Investing

When to pay for an appraisal?

Craig Parsons
  • Contractor
  • Orofino ID, Hollister CA
Posted

This is a follow up post to one I created yesterday regarding a DSCR loan. I have someone offering me a bridge loan to help solve my immediate needs however they want me to pay nearly $5,000 for a MAI commercial appraisal. Even though the price was shocking to me I do not have an issue with paying for this if needed. My question is what guarantees should I expect before paying? Obviously if the value is low that's one thing, but what if I pay and they deny me for some other reason?

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