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Inventory and Appraisal of Property Louisiana Form

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Inventory and Appraisal of Property Louisiana Form

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[Music] real estate Keynotes today's word is appraisal an appraisal is a crucial step usually required by mortgage lenders before approving a loan it ensures that the home's value justifies the loan amount independent of the listing price offer price or CMA done by a real estate agent here's how it works a licensed appraiser conducts a thorough in protction of the property estimating its fair market value by considering factors like condition location and recent sales of similar homes in the area the cost of the appraisal is typically included in your closing cost if the appraisal comes in lower than the offer you may need to renegotiate the price or bring extra cash to close the deal if it's higher that's great news for you yay see you next time

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