New Orleans Home Buying | Do I Need an Appraisal if I’m Paying Cash?

Do I Need an Appraisal if I'm Paying Cash - New Orleans real estate

Do I Need an Appraisal if I’m Paying Cash for a New Orleans Home?

While your agent can do a comparative market analysis (CMA) of sales in the neighborhood, it’s not the same as an appraisal. When working with cash buyers, we often get asked “do I need an appraisal if I’m paying cash?”.

Appraisal definition

If you are paying cash for a property and it’s not priced at a significant discount, then we always recommend you spring for the $400-$500 cost of a professional appraisal to be sure you are not over-paying.

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