Re:The Bay Area’s tech boom in historical and social context
by TheCoelacanth on Saturday July 07, 2018 @05:44PM
(#17480777)
The appraiser's real job is to protect the bank's money by ensuring that the house is sufficiently valuable to serve as collateral for the loan you are taking out.
You're talking about the appraiser hired by the lending bank (at your expenses). Their job is not so much "blindly come up with an independent valuation", their job is more to justify the selling price already agreed upon to the lending bank. It also makes sense to take into consideration a price both interested parties already agreed upon - that's important information when trying to determine what something is "worth."