If you need assistance, please call 770-733-7305

#realestate #appraisal #lender | Sharp Realty Partners | Compass Blog

Tuesday, August 21, 2018   /   by Ann Marie Sharp


What exactly, is a home appraisal?
When you and your REALTOR® wrote your purchase offer for a home, you most likely made your offer contingent on several items, including financing, a home inspection, and a home appraisal. These estimates of how much this house is worth are an important step in the home-buying process that can't be skipped. 
The Basics:
Your lender will choose an appraiser: No matter where you're borrowing from, your lender will be the one to select an appraiser to evaluate this home.  Mortgage lenders require an appraisal  before providing a loan for the simple reason that the property serves as collateral for the loan. A lender will only approve a loan for a property that appraises for the full sale price of the home—or more. 
As the buyer, you are ultimately responsible for the appraiser's fee: For most loans, a typical property appraisal takes a few hours, and costs around $300 or $500.  Generally, appraisal ...

Read More

  #realestate #appraisal #lender

Sharp Realty Partners | Compass
Ann Marie Sharp
309 E. Paces Ferry Rd. NE Ste. 400
Atlanta, GA 30305

Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.

DMCA Notice

Site provided by CINC

© 2019 First Multiple Listing Service, Inc. Last updated July 16, 2019. This site powered by CINC www.cincpro.com
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of GAMLS. All real estate listings are marked with the GAMLS Broker ReciprocitySM thumbnail logo and detailed information about them includes the name of the listing brokers. July 16, 2019