06/01/2026
My buyers passed the appraisal step of their closing!🏡
What exactly is the appraisal for?
Not to be confused with an inspection, a home appraisal is a professional estimate of a property's market value, usually ordered by a lender during a purchase or refinance.
Appraisers consider:
✔️ Size and condition of the home
✔️ Recent nearby sales
✔️ Location and features
✔️ Upgrades and improvements
The appraisal helps ensure the home's value supports the loan amount. Next my buyers' loan moves to final underwriting to get fully funded.
Questions about appraisals or your home's value? I'm happy to help!
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