The Appraisal Process- Purchase

 

After your offer is accepted on a home, you will need to have an appraisal and inspection done on your property before we can move forward. An appraisal is a requirement and it must be completed by a licensed appraiser. The appraiser will review similar comparable homes within the area to better gauge the value of your property. The appraiser records detailed notes on the property and although it sometimes feels like they are just guessing at the value, an appraisal is a lengthy and detailed process. Please take a moment to watch the video to familiarize yourself with the process.