Michael Phillip - Colorado Real Estate

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What is an appraisal gap?

January 4, 2022 By Michael Phillip

When purchasing a home and using financing through a mortgage loan, the lender of that loan will require an appraisal. This is typically performed following the seller accepting the buyers contract. The lender orders and schedules the Appraisal and the cost is typically paid for by the Buyer in their closing costs. The appraisal ensures… [Read More]

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