08/25/2026
"Tuesday Terminology: Appraisal 🏡📋
An appraisal is a professional assessment of a home’s market value, typically required by a lender during the buying process.
A licensed third-party appraiser evaluates the property and determines its estimated value. If the appraisal comes in lower than the agreed purchase price, the buyer and seller may need to renegotiate, adjust financing, or explore other options.
Knowing how appraisals work can help you feel more prepared and confident throughout your real estate journey. 🔑
FRANKY RUIZ
DRE #01223711
☎️ (909-900-8856)
✉️ [email protected]
"