Commercial appraisals are typically valid for 6 months to 1 year, though this timeframe varies based on market conditions, lender requirements, and property changes. The

Low home appraisals are relatively uncommon, occurring in fewer than 10% of real estate transactions, based on data from Fannie Mae. In fact, more than

A home appraisal is a professional evaluation that determines your property’s current market value, typically required by lenders during home purchases, sales, or refinancing. After

Preparing for a home appraisal requires strategic focus on property condition, functionality, and documentation rather than expensive renovations. Professional appraisers evaluate structural integrity, working systems

A low home appraisal occurs when a licensed appraiser determines your property’s market value is below the agreed purchase price, affecting approximately 8-10% of real

Five critical factors significantly devalue home appraisals and reduce property market value: poor property condition (visible damage, major system issues), unfavorable location (high-crime areas, declining

A home appraisal report contains a comprehensive property evaluation using three primary valuation methods: sales comparison approach (comparing 3-4 similar sold properties), cost approach (calculating

A home appraisal is essential for real estate transactions because it provides an objective, professional evaluation of property value that protects buyers from overpaying, helps