> Same reason you don't buy a house by comparing its list price to similar local sales, or trending house prices
Except you should do that otherwise you could overpay and in some cases be refused finance as a result!
Except you should do that otherwise you could overpay and in some cases be refused finance as a result!
That appraisal value is not terribly important to retirees though because they tend to buy for keeps instead of caring about resale value as much as, say, a first time home buyer would.