So I am buying a rental property as an investment and expect to do the purchase as a cash deal. So technically there is no lender to force me to get an appraisal on the property.
Of course, I still want to get some form of appraisal to make sure the purchase price isn't out of line with the value of what I'm getting for my money.
I'm wondering if anyone has experience with a low cost option from a real estate appraiser where they don't do the full treatment (all the forms and an exact value on the property) that a lender would require, but simply answer the question "Is this property worth at least $x?"
I'm not optimistic, but thought I'd ask the community if you've ever heard of such a thing.