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Updated almost 9 years ago on . Most recent reply

Bryan M.'s profile image
Bryan M.'s profile image
Bryan M.
  • Rental Property Investor
  • from Roanoke, VA
  • Member since Mar 12, 2011
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Bryan M.'s profile image
Bryan M.'s profile image
Bryan M.
  • Rental Property Investor
  • from Roanoke, VA
  • Member since Mar 12, 2011
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Bryan M.
  • Rental Property Investor
  • Roanoke, VA
4
Votes |
44
Posts
Real Estate Deal Analysis & Advice

Appraisal vs BPO

Bryan M.
  • Rental Property Investor
  • Roanoke, VA
Posted

I was recently gifted a home through a family member that needs a complete interior rehab....great bones but needs updating. To determine my budget I need to find what it's worth "as is". This property hasn't been on the market in decades. Should I go with a full appraisal for $300 or a BPO which would be cheaper, not sure on how much cheaper yet. I guess my question is....is it worth it to spend a little extra money to get an exact valuation or spend less and get just a rough estimate? Thanks!

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Merry Briotta's profile image
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Merry Briotta
  • Investor
  • from Lebanon, OH
  • Member since Aug 7, 2015
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Merry Briotta's profile image
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Merry Briotta
  • Investor
  • from Lebanon, OH
  • Member since Aug 7, 2015
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Merry Briotta
  • Investor
  • Lebanon, OH
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Merry Briotta
  • Investor
  • Lebanon, OH
Replied

Bryan M.

Why can't your realtor advise you on current (as-is) value?

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