As a seller, why should you worry about the appraisal? And what can be done to positively affect the appraised value of your home?
In today’s red hot real estate market, why should you, the seller, worry about an appraisal when so many buyers today are waiving the appraisal contingency.
While the primary focus of an appraisal is on price, a component of price is condition and there is a clause in our real estate contract where the appraiser can make a repair, like fixing or replacing a roof, a condition of the loan.
So, paying attention to the appraisal can not only increase the value of your home but can make sure the lender will approve the loan.
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