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Residential Appraisals

Home appraisal value comes in low

How Often Do Home Appraisals Come In Low?

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

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Low appraisal complicates home sale contract

Can A Seller Back Out After A Low Home Appraisal?

When a home appraisal comes in below the contract price, sellers cannot simply cancel the purchase agreement without potential legal consequences. A signed purchase

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Divorce appraisals determine the fair market value of assets

How A Divorce Appraisal Helps Estimate Home Value?

Divorce appraisal determines the fair market value of assets during property division proceedings. Courts require accurate home valuations to ensure equitable distribution between divorcing

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A well-maintained, modern home with a neat interior, ready for a home appraisal

7 Essential Tips For Great Home Appraisal

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

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A calculator and laptop in the background, with coins and a paper house labeled "Home Appraisal"

How To Avoid A Low Home Appraisal

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

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A man and a homeowner in a home appraisal

What Devalues A Home Appraisal And How Can You Prevent It?

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,

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A man doing a home appraisal report

What Is Typically Included In A Home Appraisal Report?

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

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A paper house labeled "House for Sale," pinned with a red pushpin on a wooden board

Why Would Someone Get A House Appraised?

Home appraisals are required for mortgage approvals, refinancing, and home equity loans, with homeowners ordering them for nine primary reasons: buying or selling property,

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How a Home Appraisal Influences the Selling Price

How Does A Home Appraisal Influence The Selling Price?

A home appraisal directly impacts a property’s selling price by providing an unbiased professional valuation that influences negotiations, financing approval, and market confidence. When

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