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Updated over 6 years ago on . Most recent reply

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Courtney Marcotte
  • Member since Sep 27, 2018
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Appraisal steps and cost

Courtney Marcotte
Posted

Just purchased my first house with cash. How and who do I contact for an appraisal? I'm trying to get an ARV appraisal... looking for some kind of reference point before I dump money into rehab...

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Christopher Phillips
  • Real Estate Agent
  • from Garden City, New York
  • Member since Nov 14, 2016
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Christopher Phillips's profile image
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Christopher Phillips
  • Real Estate Agent
  • from Garden City, New York
  • Member since Nov 14, 2016
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Christopher Phillips
  • Real Estate Agent
  • Garden City, NY
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Christopher Phillips
  • Real Estate Agent
  • Garden City, NY
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@Courtney Marcotte Investors do their own ARVs. An appraiser can’t tell you how much to spend on your rehab. Only you can judge how much you plan to put into. Agents order broker price opinions on shortsales. They’re cheaper than using an appraiser and may or may not be correct.
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