10/14/2026
Welcome to our new series! ABC's of Real Estate!
So let's kick it off with "A is for Appraisal"
An appraisal is an unbiased estimate of a home's value, done by a licensed appraiser. It's usually ordered by the buyer's lender to make sure the home is worth the amount the lender is being asked to loan.
The appraiser looks at the home's condition, size, and features, then compares it to similar homes that recently sold nearby. If the appraisal comes in lower than the agreed price, the buyer and seller may need to renegotiate or the buyer may need to bring extra cash to close.
An appraisal is not a home inspection! This is often misunderstood.
Did you know the appraisal process and what they evaluate are undergoing major changes?
Call us to get with one of our professionals and discuss what to expect soon, whether buying or selling.
👉 501-500-HOME