Do appraisers know the offer price?
The sales contract is just one more piece of data to be used in the appraisal process. Therefore, the appraiser will most likely know the selling price of a home but this is not always the case. Does the appraisal determine the purchase price? A home's appraised value is the estimated value of a home as determined by a professional through an objective assessment. The purchase price is, as you may expect, the cost that you pay for a property.
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