The Real Estate Appraisal Process: Unlocking the Value of Properties When it comes to buying or selling a property, the real estate appraisal process plays a vital role in determining its true value. Whether you’re a buyer or a seller, understanding this process is crucial for making informed decisions. In this article, we’ll explore the… [Read More]
What is an appraisal gap?
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]