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Hi guys, my lender gave me a call today and said that I don't longer need to get the Apprisal done, they are giving me an Ace Apprisal waver. I can still choose to go through the Apprisal if I wish to but is up to me.
My biggest question is, should I still do it to know what I'm really getting my self into? Or just trust the lenders guts that suggest them it's all good, good enough to think there is no need for one?
The lender feels secured in the loan, and it is up to you to decide if you have done adequate due diligence on price.
If you are not confident that the price is right, go ahead and pay for an appraisal.
I asked my realtor for a CMA and been checking similar houses on the market. What would you say are other diligences I could do? I'm a first time home buyer
Hi guys, my lender gave me a call today and said that I don't longer need to get the Apprisal done, they are giving me an Ace Apprisal waver. I can still choose to go through the Apprisal if I wish to but is up to me.
My biggest question is, should I still do it to know what I'm really getting my self into? Or just trust the lenders guts that suggest them it's all good, good enough to think there is no need for one?
Suggestions? Thanks for your time.
If you are the 'nervous nelly' type and you are going to be second guessing yourself for the next 5 years, then get the appraisal done. If you have shopped around and have a decent handle on what similar homes sell for in the area, then why waste the $400+?
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