What You Need to Know About Real Estate Appraisals

What You Need to Know About Home Appraisals
What You Need to Know About Home Appraisals
A real estate appraisal determines the market value of a home and part of most real estate transactions. If a buyer is obtaining financing an appraisal will be done at their cost. The home must appraise for the contracted price. Occasionally a homeowner will hire an appraiser to see what their home is worth, which in this case they’ll be responsible for payment.
Whether you are looking to buy or sell you should know about a real estate appraisal. Who hires the appraiser, who pays for them, what’s involved in the process and how it can impact a real estate transaction.



Written by WellingtonHomeTeam

Michelle Gibson is a full-time Realtor specializing in residential real estate since 2001 in Wellington Florida and the surrounding area. She assists buyers, sellers, landlords and tenants with all of their real estate needs.

Verified User

What do you think?

Leave a Reply

maxresdefault 16

Find Out What $10 Can Get You in Lagos, Nigeria’s Craziest City

Buying a Fixer Upper House

Buying Real Estate That Needs Work