Acquisition
When purchasing real estate, a buyer will obviously want to get the best deal possible. Prior to negotiation, it is sometimes wise for the buyer to obtain an appraisal confidentially, without releasing the value to the seller. That way, the buyer can negotiate a sale price knowing that he is not paying more than the market value for the property, and may even be able to acquire the property for a price below the market value. (It would be in the seller’s best interest to obtain his own appraisal, as well.) Other times, a buyer and seller may agree to hire an appraiser together and use the appraised value of the property to determine the sale price.