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John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

That's how it should be.  For a refinance you can't give an appraiser a 'target', I'm not sure why it's different on a purchase.  Makes no sense.

Nov 16, 2015 04:28 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

They probably should, but also probably won't.  And, I don't know why you would want to do this.  Because, appraisers mostly will do their best to get the appraisal within the purchase price range.

Nov 16, 2015 04:11 AM
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Wow - are markets are sooooo different!  Rarely are appraisals ever required up here.  Only for something that is so unique that it doesn't fit into criteria used by the lenders.  (good luck even finding comps!)

Should an appraisal be necessary, never would an Agreement of Purchase and Sale be asked for let alone required.

Nov 16, 2015 02:40 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I have found several lenders supplies the appraiser with the P&S agreement; not just the address...

Nov 16, 2015 04:22 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Yeah & then he could just go find it outright in the public records somewhere. Unless it's closed though, who cares? Contract for a house that isn't closed is not a comp he could possibly use.

Nov 16, 2015 04:20 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have had to send the contract to the appraiser when they have said they have not received it, or the counter. 

Nov 16, 2015 07:22 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Tony and Suzanne - Well, should and will are two different things. I would imagine appraisers would not like it if the purchase price was redacted.

Nov 16, 2015 06:44 AM
Roy Kelley
Retired - Gaithersburg, MD

Based on my experience as an appraiser, you would be discredited if you provided an edited document.

Nov 16, 2015 06:04 AM
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales


Nov 16, 2015 02:52 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

I doubt an appraiser would accept a contract like that.

Nov 16, 2015 02:33 AM
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Tony and Suzanne,
As a former lender and longtime broker that wouldn’t work for any appraiser I’ve ever worked with.

Nov 16, 2015 02:10 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

A good question for an appraiser forum.

Feb 08, 2019 11:00 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Tony and Suzanne Marriott, Associate Brokers. No reason not to share the P & S, also how about sharing some comps to make their job easier.

Nov 16, 2015 04:57 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Tony and Suzanne Marriott, Associate Brokers I somehow do not like the idea of sharing the agreement with purchase price in it with appraisers....

What's the point in letting them know where the appraisal value should be?

Nov 16, 2015 02:27 PM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

In my opinion, the purchase price should not be given to an appraiser.

Nov 16, 2015 09:21 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Appraisers in my area want to see the contract so they know the conditions and what is remaining with the property. I know they can't help but use the sales price as their target range.

Nov 16, 2015 08:54 AM