When buying a home, there are 3 things you need to know about appraisals. In short:
Lenders are not supposed to communicate directly with appraisers.
Secondly, appraisals are usually paid for upfront by the buyer.
Finally, if an appraisal comes in below the purchase price, you may need to increase your down payment or renegotiate with the bank.
Understanding these three things can help you navigate the home buying process with confidence.
Watch the video to learn the helpful details and remember to share this video to help our channel grow, so we can keep providing educational content for the San Francisco Bay Area 📢💬
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RISE Homes is a leading San Francisco Bay Area real estate team. We specialize in residential real estate sales in all six of the SF Bay Area counties; San Francisco, San Mateo, Santa Clara, Alameda, Contra Costa, and Marin. We have agents and operations staff who specialize and are very familiar (most of us are SF Bay Area natives) with their respective geographic territory. Our primary focus is on helping our clients navigate the highly competitive San Francisco real estate market, and in the process, conducting ourselves with integrity and transparency while always focusing on continuous improvement.
Joe Polyak is the Founder of RISE Homes. Joe was born and raised in San Francisco, and currently lives in San Mateo, CA with his wife Valerie, daughter Autumn, their two dogs, Bonnie the pitbull-mutt and Daisy the pug, and their turtle, Donatello. Joe has been in real estate since 2010, and is a top 1% agent in the San Francisco Bay Area, with over $80,000,000 per year in sales volume. Joe built his business by specializing in probate/trust sales and working with and educating first time home buyers.
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