What is a Home Appraisal?

An appraisal is an unbiased professional opinion of a home’s value and is required whenever a mortgage is involved in buying, refinancing, or selling a property.

A qualified appraiser creates a report based on an in-person inspection, research into recent sales of similar properties, current market trends, and the details of the home, including its size, condition, floor plan, and amenities.

The borrower usually pays the appraisal fee. When the appraisal value is lower than expected the transaction can be delayed or canceled. If your appraisal came in low don’t worry just yet. Check out this blog where we give you tips and tricks on what to expect next in the process when you receive a low appraisal.

Have more questions? We are here to help. You can reach any member of our team at 574-360-2569 or email at steve.smith@stevesmithteam.com and we will get right back to you.

Five Corner Flats

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Please review the Reservation Agreement before submitting the form bellow.

Fill out the form below to start the reservation process. Once submitted you will receive an email with further instructions on how to submit your $10,000 refundable deposit. Your place in line has been reserved once payment is received.

*A $15.00 non-refundable Bank Fee applies to this transaction.

Five Corners Flats

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