DAE see property appraisals as pointless paperwork? My outlook totally shifted after this deal.

Initially, I considered appraisals just bureaucratic red tape that dragged out closing dates. On my first investment property, the appraisal felt like a costly delay with no real benefit. Then, I nearly bought a condo where the appraisal flagged major electrical code violations not mentioned in the listing. The appraiser detailed outdated wiring that posed a serious fire hazard, something a standard inspection overlooked. That report let me walk away without losing my earnest money. Tbh, I now recognize appraisals as an essential layer of financial protection. They offer a neutral assessment that can spot costly oversights. Ngl, I tell all my friends to never skip or rush this step in any transaction.