Schedule a Consultation

Tag: post appraisal steps

Guide To What Happens After The Appraisal

Agent conducting home value appraisal

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 an appraisal is completed, the lender reviews the report within 3-7 business days, and three outcomes are possible: the appraised value matches the purchase price (allowing the transaction to proceed […]

Guide To Post-Appraisal Procedures

Home Appraisal concept

After a home appraisal, the mortgage underwriting process begins, typically taking 30-45 days until closing. The appraisal results determine whether the transaction proceeds smoothly, requires renegotiation, or needs additional buyer funds, with three primary outcomes affecting both buyers and sellers. Possible appraisal outcomes and next steps: The post-appraisal timeline (30-45 days): Key underwriting factors reviewed: […]