I am renting a home and the owner has it for sale. They are having an appraiser tomorrow.Does this mean the house sold?

I am renting a home and the owner has it for sale. They are having an appraiser tomorrow. Does this mean the house sold.

Asked by glory2lord 37 months ago Similar questions: renting home owner sale appraiser tomorrow house sold Business > Real Estate.

Similar questions: renting home owner sale appraiser tomorrow house sold.

Not necessarily I can think of four reasons for an appraisal... 1. The owners want to refinance, have approached a bank, and the bank wants to check the value. 2.

The owners want to see if they have the house 'priced right' and are getting it appraised. 3. The owners contract with their present Realtor is about to expire and a NEW Realtor wants to do their own appraisal before listing the property... 4.

The owner has a potential buyer, who has made mortgage application and their bank appraiser is coming out to see the house. I'm sure, if the owner has a solid buyer who is approved for their mortgage....they'll let you know. Very often, closings don't take place for 60 to 90 days, so you'll have time to make arrangements.

Hope that helps easy your mind a bit.

Not Yet Most banks and Underwriters, require a appraisal before they will offer money for the house, it has a check list that the appraiser will go thru. It actually is an excellent thing to happen, it shows what needs to be repaired, such as the roof or foundation, what the house is worth, compared to others like it in the area. Here is some info off the web: ourfamilyplace.com/homebuyer/appraisal.html .

No. It means there is a buyer for the house. The appraiser comes in to tell the buyer if the house is worth the asking price.

The next step is the inspector, who will tell the buyer what's wrong with the house (plumbing, windows, roof, etc. ).

1 It does not necessarily mean the home has been sold and chances are it has not sold yet. An appraiser generally appraises the value of the home by seeing what the home has to offer and then comparing it to recently sold homes in the area so the current value of the home can be determined. I would have thought the owners would have had this taken care of before listing the home to be sold.

There is a chance a potential buyer is having the home appraised before making an offer but that would be unusual.

It does not necessarily mean the home has been sold and chances are it has not sold yet. An appraiser generally appraises the value of the home by seeing what the home has to offer and then comparing it to recently sold homes in the area so the current value of the home can be determined. I would have thought the owners would have had this taken care of before listing the home to be sold.

There is a chance a potential buyer is having the home appraised before making an offer but that would be unusual.

2 A realtor can do a comparable value to list/suggest a sellers asking price range but this is not an actual appraisal ,licensed appraisers do actual appraisals ,both comparable and intrinsic value based on the land and structures .

A realtor can do a comparable value to list/suggest a sellers asking price range but this is not an actual appraisal ,licensed appraisers do actual appraisals ,both comparable and intrinsic value based on the land and structures .

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