Posted by RS on February 24, 1999 at 18:36:28:
You can bet that the listed price is very close to the appraised value, if not somewhat below it. A broker knows it’s fool hardy to ask for an amount that exceeds the appraised value. Because if they do, no bank will allow the buyer to borrow that much.Having said that,you can ask the broker to pull up comparable sales in that neighborhood. They should oblige and if not, you can hint that you’ll simply have another agent do it for you. The mere thought of having to share a commission with another broker should compell the listing agent to comply. Having your own appraisal done will be expensive, probably at least $250, unless you can find an appraiser that will do a quick “drive by” for a reduced amount.