August 15, 2017

5 Appraisal Myths Explained

The appraisal is one of the most intimidating parts of selling a home. It can also be one of the most confusing. Buyers and sellers rarely understand the purpose of an appraisal. Appraisals, which determine the value of a home, are usually required by mortgage companies and typically take place after a listing price has been determined and an offer has been made. The appraisal takes away any emotional attachment that the seller and buyer feel toward the house, because it assigns an unbiased value. If you’re a little unclear or confused about appraisals, here are five myths explained: The Appraisal Vs. the Inspection The appraisal and home inspection are often used as a safeguard for the buyer, but they […]