You are considering buying a house and have found one that meets all of your criteria.When you are trying to decide how much to pay for it, which of the following parties involved in the process would give you the most reliable information?
A)An independent real estate appraiser.
B)The owner of the house you want to buy.
C)The real estate agent hired by the owner to sell the house.
D)The bank that is providing the mortgage loan.

Question

Quizplus · Accepted Answer

An independent real estate appraiser is trained to provide an unbiased and objective valuation of the property based on its condition, location, and comparable sales in the area. They have no vested interest in the sale of the property, unlike the owner or real estate agent who may be motivated to maximize their profit or commission from the sale. The bank can also provide an estimate of the value of the property, but their valuation may be influenced by their lending criteria and is not independent.

You Are Considering Buying a House and Have Found One