Wouldn't it be nice if buying a home were as simple as purchasing a new pair of shoes? You find a pair you love, you pull out your credit card, and take them home.
Home buying isn't that simple. After you negotiate a deal for a home you love, you need to obtain a mortgage loan from a lender. One of the most important steps of getting a mortgage is having an appraisal done to confirm the purchase price of the home.
Our REALTORS® believe it's important for our clients to know and understand important home-buying steps. We've prepared this brief guide to tell you what you need to know about appraisals.