What is a Home Appraisal + Why is it Necessary?
The appraisal is necessary to confirm that the sales price is fair to everyone involved: the buyer, the seller, and the lender. The lender needs assurance that the property is valued appropriately in order to approve the requested loan amount.
Square Footage Discrepancy | Appraisal vs. Assessment
Whether someone is buying or selling a home, having the right square footage for the listing and the contract really does matter. And one common issue in the transaction process is discovering the square footage determined by the appraiser is not the same as the assessor's. Then what happens?
What is an Appraisal Gap?
Learn more about the appraisal gap!
Appraisal Gap | How to Use it to Get Under Contract
Be aware there are some situations where the appraisal price comes in lower than the agreed upon price.
