Don’t rely on the lender’s appraiser or your real estate agent to protect you
Every real estate investor would do well to remember the old adage, “No one cares more about your money than you.”
Don’t get stuck with a property that’s worth less than you paid for it
Your mortgage lender doesn’t necessarily care if you pay more than the property is worth. Why? Because if you were to default, they are protected. Your down payment gives them a very big margin for error.
The fact is, commercial mortgage lenders want to make loans – that’s how they make money. But just because a deal makes sense for them, doesn’t necessarily mean it’s a good deal for you.
The appraiser they send works for them, not you. Don’t rely on them to determine if you are overpaying.
Only your appraiser is truly unbiased
Think about it. If you just consider incentives and human nature, it’s pretty obvious.
Your appraiser gets paid to do just one thing – to give you his honest opinion based on market data and his experience. His sole motivation is to do his job properly and tell you what the property is actually worth.
On the other hand, your real estate agent’s job is to get you to buy something, anything…and to do it as quickly as possible. Time is money, and they don’t get paid unless you buy.
Hiring your own independent real estate appraiser will give you the unbiased information and advice you need so you can make the right purchasing decision.
Commercial property buyers rely on us because
- Each of our appraisers has 15+ years’ experience
- We are NY State Certified General Real Estate Appraisers
- We are 100% independent – we have no affiliations with any realty firms
Why not get in touch to find out more about getting an appraisal? You can get a quote at no cost, and no obligation, just by giving us a call – we always pick up the phone – or by clicking the button below.
You will always speak to an appraiser—not a receptionist or a pushy salesman...and you are welcome to ask us anything at all. We love talking real estate, and we want you to be 100% informed & confident.
Just a note to thank you for providing me with excellent service regarding my real estate appraisal. Your company not only provided me with a professional appraisal, but it also did so in a manner that fulfilled all my requests and expectations willingly. As a result of your genuine efforts, it was a pleasure doing business with you, and I would recommend your services enthusiastically.Bob Taormina