February 9, 2023

Real Estate 101: Appraisals

Author: Megan Bock

Keywords: Bock Realty Group

Outside of an inspection and appraisal is the next hurdle.


So how do we get over it?

An appraisal is a lender ordering an appraiser to go out and give their own opinion, a value of what they think it's worth.


So your property is in the hands of one appraiser.


What does that mean?


Well we need a price correctly and we need to give the appraiser lots of good information to help him with where we came up with that price.

So an appraisal is an opinion of value to make sure that you can get a loan for the house.