Buyers Paying Over Asking Price? Get an Appraisal Gap Guarantee
HomeLight
NOVEMBER 1, 2021
The appraisal helps ensure that the mortgage company doesn’t lend more than the property is worth. A third-party appraiser determines the value based on the size and condition of your home, any upgrades or improvements you’ve made, and the final sales price of comparable homes ( comps ) in your area. Your home is overpriced.
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