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Charity Iheagwara's Blog

By Charity Iheagwara | Agent in Prince George's County...

The importance of an Appraisal

Hi there,
Have you ever wondered what an appraisal is and why so much emphasis is placed on appraisal of a property?
Why is it that you cannot close on that property without this so called "appraisal"?
Who appraises a property; a real estate agent, a home inspector or an appraiser?
Who benefits from an appraisal?
Check out this link for more details...The Importance of an Appraisal.

Charity Iheagwara
Exit Landmark Realty
8222 Schultz Road #100, Clinton MD 20735
Office: 301-868-0500 Ext. 246, Cell: 202-640-0100

Comments

By Wendy Crane,  Sat Sep 14 2013, 16:27
Appraisals do not mean someone will purchase it for that price.
By Wendy Crane,  Sat Sep 14 2013, 16:28
d
By Charity Iheagwara,  Sat Sep 14 2013, 16:49
Absolutely! You can only get financing from the bank for no more than the appraised value. You could purchase a home for less than the appraised value.

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