Real Estate… Answered

Usually… no. Most of the time, you can wait until the real estate investment is under contract before you order an appraisal. If you’re borrowing money to buy the property, you’ll need one for the lender anyway. If anything fishy pops up on the appraisal, you can usually back out of the deal on the basis of inadequate collateral.

Here are two more reasons for waiting to order an appraisal, along with one exception:

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