3 Key Things YOU Need to Understand About Appraisals💡
Below I’m sharing a few things that have helped me as a realtor in my day-to-day interactions, and will hopefully help you with your home buying and selling experience.
Everyone needs to understand what an appraisal is, why it’s important, and how to get one the right way!
💡 An appraisal is an unbiased professional opinion of the value of a home and is used whenever a mortgage is involved in the buying, refinancing, or selling of that property.
💡 When buying a house, the borrower usually pays the appraisal fee, which can be several hundred dollars.
💡 A qualified appraiser creates a report based on a visual inspection, using recent sales of similar properties, current market trends, and aspects of the home to determine the property’s appraisal value.
Happy Monday everyone