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Old Yesterday, 09:31 PM
 
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So we spotted a house we like. The relocation company purchased the house from the seller for price X, about $30k less than the price the seller had the house on the market. Since it was purchased by a relo company, it is fair to assume that the company had a relo appraisal done. Do these types of appraisals come in lower and are they more in depth to their standard appraisal? Does the buyer usually snag in a deal in these cases?
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Old Today, 07:16 AM
 
Location: Raleigh NC
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they are not usually more or less in-depth than a standard appraisal. For an expensive home, they might have gotten one or more standard appraisals, and selected anywhere between the lowest and highest for their buyout.

Last edited by BoBromhal; Today at 07:28 AM..
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Old Today, 07:08 PM
 
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It is common for there to be more than one appraisal for a relo and they tend to be more detailed and have specific guidelines that are followed.

There are appraisers who specialize in these type of appraisals. They are usually pretty accurate. Although, depending on the home and the market conditions, prices can vary between when the appraisals were done and when it is sold to a new buyer.
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