DON’T overlook your HOME APPRAISAL! Here is what YOU need to know-

My client spent about $600 on their HOME APPRAISAL & save almost $30,000!

DON’T overlook your HOME APPRAISAL! Here is what YOU need to know- Imagine paying $30,000 over market value, only to discover your home is worth less than your offer, scary I know, but this can be avoided with a thorough appraisal.

The cost of a professional appraisal is typically between $300-$600, and is usually the BUYER’S responsibility.

Here’s what might happen when negotiating based on appraisal:

1. Seller may agree to lower the price to match the appraised value

2. Seller may offer a credit toward the difference

3. Seller might refuse any adjustments

Overall, a home appraisal is important when buying a house because it ensures you’re paying a fair market price, gives lenders confidence in the home’s value, and can uncover potential issues that might affect resale value.

Of course there are instances when buyers will waive the inspection to close quicker and make their offer more appealing to sellers in a competitive market, case by case for sure, but this is another reason why it’s SO important to work with an experienced real estate professional!

Thinking about BUYING or SELLING this fall? Reach out today and let me know how I can help you ELEVATE YOUR LIFESTYLE🤍 #hshomeshouston

Heather Shepherd | Heather@norhillrealty.com