What is Your Home Worth?
Appraisals are an indispensable part of the home buying process, so it’s important to know how they work. Essentially an appraisal completed by a professional is just an in depth walk-through of your property that will verify that the sale price of the home is equal to or lesser than the fair market value for the area. During this time the appraiser will sketch and take photos of the property layout and will also make sure there are no safety code violations that need to be fixed before the lender approves any loans. In general budgeting for $250-$600 should cover everything that you’ll need to get a well done appraisal and get you well on your way to selling your home.