Home Appraisals- A Necessary Step
What is an appraisal?
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appraisals
The Importance of Inspections & Appraisals
In today’s real estate market, buyers often have questions about the importance of inspections and home appraisals. Due to the high buyer demand and low housing inventory, its leading some buyers to considering waiving these contingencies to make their offer stand out amongst the competitors.
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Understanding The Appraisal Gap
When supply is low and demand is high, prices naturally rise and that’s what’s happening in today’s Real Estate Market. Home prices are continuing to appreciate at near-historic rates, which creates challenges when it comes to home appraisals.
In the last few months, it’s become increasingly common for an appraisal to come in below the negotiated contract price. This difference is known as the ‘appraisal gap.’
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How do Appraisals play a factor?
A home purchase is typically the largest investment someone will make. If you’re planning to buy a home, an appraisal
How do Appraisals play a factor? Read Post »