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Am I required to have an appraisal to buy or sell a home in the St. Simons Island Georgia Real Estate market or Sea Island GA Real Estate market?

April 26, 2017appraisal buy Georgia Home Island Real Estate sell simons St

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Am I required to have an appraisal to buy or sell a home in the St. Simons Island Georgia Real Estate market or Sea Island GA Real Estate market?

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An appraisal is an important part of the buying and selling process. Since an appraisal is a professional estimate of a property´s market value, based on recent sales of comparable properties, location, square footage and construction quality, it will help a seller determine list price and buyers determine if the property is worth the cost. An appraisal varies in cost depending on the price of the home. On average, an appraisal costs about $300 for a $250,000 house.