Some Real Estate Appraisal Myths:
Myth:
The appraised value of a property will vary, depending upon whether the appraisal is conducted for the buyer or the seller.
Reality:
The appraiser has no vested interest in the outcome of the appraisal and should render services with independence, objectivity and impartiality - no matter for whom the appraisal is conducted.
Myth:
You generally can tell what a property is worth simply by looking at the outside.
Reality:
Property value is determined by a number of factors, including location, condition, improvements, amenities and market trends.