🧐You’ll want to know why this message is a fav⇩
Just because offers are willing to escalate crazy high doesn’t always mean the appraisal will come back crazy high. This is key to know for buyers submitting offers and sellers when listing their home
I go over this with all our clients in our consultation.
This is different than a home inspection as inspectors look at the 𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧 of the home and the job of the appraiser is to look at the 𝐯𝐚𝐥𝐮𝐞 of the home. Essentially so the bank can loan you said value..or not.
Did you know an fha appraisal sticks to the home for 6 months? So as an fha buyer, what terms are key so you are just as competitive as the next offer? Did you know fha and va are assigned case numbers but usda with 0% down is not? What happens if you’re conventional with a potential lower appraisal? What do your offer terms truly mean in the event an appraisal does 𝑛𝑜𝑡 come back at value or there 𝑎𝑟𝑒 required repairs?
Our team is happy to go through your 𝐚𝐜𝐞 strategy so you’re a confident buyer or seller in this market amidst the changes.
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