Land Loan Appraisals - Are They All The Same?
Question: Is every land loan appraisal the same and are they all similar in cost? Answer: NO! Every lender has a certain required form of appraisal that must be preformed for a land loan. The more detailed the land appraisal is, the more it will cost. An appraisal is a very important entity of a land loan. Just as in buying a car, one always checks or should always check the bluebook value before purchasing. This gives you a detailed summary of options, mileage, and age and then creates a value one can expect. Land also has many different variables and is typically a much higher priced purchase. ...
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