09/24/2026
What happens during an appraisal? π
When you're purchasing a home with financing, the lender will typically want to know that the property is worth the amount they're lending.
An appraiser evaluates the property and considers factors such as its location, size, condition, features, and recent sales of comparable properties.
The appraiser then provides an opinion of the property's value.
Sometimes the appraised value and the purchase price are different. If the appraisal comes in lower than the agreed purchase price, the buyer, seller, and lender may need to determine how to proceed.
π‘ An appraisal and a home inspection are NOT the same thing. An appraisal focuses primarily on value, while an inspection focuses on the condition of the home.
Thinking about buying? Contact Melanie Goff, βThe No Stairs Lady,β at 360-433-5187 today.