01/28/2019
When you buy a home, the seller asks a certain price, you agree – or negotiate. You sign a contract and that’s that, right? Not exactly. If you are taking out a home loan to buy your property, the lender will require an independent appraisal. Similarly, if you are refinancing your home, the lender usually requires an independent appraisal. Why? If you wonder why home appraisals matter, read on.
When you buy a home, the seller asks a certain price, you agree – or negotiate. You sign a contract and that’s that, right? Not exactly. If you are taking out a home loan to buy your property, the lender will require an independent appraisal. Similarly, if you are refinancing your home, the lend...