Whats a decent offer to make on a house thats asking $189k?
I recommend that you hire a real estate appraiser as a consultant. The Real Estate Appraiser should be a Member of The Appraisal Institute. That is the only appraisal organizsation that has sufficient training and experience standars to produce competent appraisers. Tel the appraiser that you want to make certain that you do not pay too much. That you are hiring him for a second opinion because you know that the lender’s appraiser is not always sufficiently competent and the the lender’s appraiser is only protecting the lender and not you. the real estate appraiser will be an excellent source of non biased information. Do not rely on REALTORS or real estate agents. REALTORS and real estate agents are only trained as salespeople. they do not have sufficient training in the valuation of real estate to determine an accurate fair market value, also the real estate agents often are only interested in themselves and getting paid, not in protecting your interests.
