If you are considering purchasing a property, it is a good idea to have a real estate appraisal done first. Real estate appraisals let you know what the actual value of a property is so that you know the correct amount to offer or pay. Sometimes real estate appraisals can be in line with what the seller is asking, while at other times, you may find discrepancies that could make you rethink the deal.
Real estate appraisers provide an unbiased look at a property, but they can also point out ways in which the asking price and the appraisal they give may differ. This helps you make the most informed decision about the property. Most real estate appraisers charge by the hour, with labor rates around $150 to $200 an hour.