Who Pays for the Appraisal and Why This Key Homebuying Step Is Worth Every Penny
HomeLight
MAY 26, 2021
The Appraisal Institute , a global professional association of real estate appraisers, calls an appraisal “the act or process of developing an opinion of value.”. This due diligence protects the lender in case you default and they need to recover their costs. The difference between a home appraisal and a home inspection.
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