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Updated almost 6 years ago,

Matthew W.'s profile image
Matthew W.'s profile image
Matthew W.
  • New to Real Estate
  • from Kansas City
  • Member since Feb 25, 2019
Connect

User Stats

9
Posts
1
Votes
Matthew W.'s profile image
Matthew W.'s profile image
Matthew W.
  • New to Real Estate
  • from Kansas City
  • Member since Feb 25, 2019
Connect
Matthew W.
  • New to Real Estate
  • Kansas City
1
Votes |
9
Posts
General Real Estate Investing

Why does an appraiser need to know the price I paid for a home?

Matthew W.
  • New to Real Estate
  • Kansas City
Posted

Hey Everyone,

I am getting my house appraised for a HELOC and the appraiser sent me an email asking for the amount I paid for the house. I own the home free and clear. I am curious why what I paid for the house has anything to do with what it is currently worth. If anyone can explain this to me I would greatly appreciate it.

Thanks

Matt

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