There are a lot of costs when you buy a house, let’s be honest.  So, who wants to add to the costs?

Banks require buyers to pay for an appraisal when they are buying a home, that establishes that the home is worth what you are willing to spend.  It’s for your protection and for the bank’s (after the big boom and crash, it is worth it.)

But is it worth two times the cost? 

Current law permits, but does not require the bank to use current appraisals ordered by a different bank.  However, the second bank almost always requires another appraisal, even if you already paid for one recently on the same piece of San Diego real estate. 

The California Association of Realtors has proposed a bill to go before Senate to stop appraisals from becoming a profit center for banks.

With the average appraisal ranging from $300-$600, it is unfair to require you to pay for a second appraisal. or to force you to purchase a second one when a perfectly good appraisal has already been done.

In addition to the price, costs, and fees that you pay for house in today’s market…who would want to pay twice?!

California Association of Realtors wants to stop banks’ incentive to force buyers to pay for a second appraisal.

You can help.  Pass this on and contact Senator Christine Keho: (800) 672-3135

There are a lot of costs when you buy a house, let’s be honest.  So, who wants to add to the costs?

Banks require buyers to pay for an appraisal when they are buying a home, that establishes that the home is worth what you are willing to spend.  It’s for your protection and for the bank’s (after the big boom and crash, it is worth it.)

But is it worth two times the cost? 

Current law permits, but does not require the bank to use current appraisals ordered by a different bank.  However, the second bank almost always requires another appraisal, even if you already paid for one recently on the same piece of San Diego real estate. 

The California Association of Realtors has proposed a bill to go before Senate to stop appraisals from becoming a profit center for banks.

With the average appraisal ranging from $300-$600, it is unfair to require you to pay for a second appraisal. or to force you to purchase a second one when a perfectly good appraisal has already been done.

In addition to the price, costs, and fees that you pay for house in today’s market…who would want to pay twice?!

California Association of Realtors wants to stop banks’ incentive to force buyers to pay for a second appraisal.

You can help.  Pass this on and contact Senator Christine Keho: (800) 672-3135