Home Appraisal in a Nutshell by NH Appraisal Associates You are most likely to encounter a home appraisal contingency at some point whether you are selling or purchasing a home. The process sure can be nerve wrecking but knowing what to expect from a home appraisal can put your nerves at ease in a jiffy. NH Appraisal Associates break down to what, why, and how of home appraisals and share some tips to help your home come out on top.
What is a home appraisal? It is a process by which a licensed appraiser conducts a thorough inspection of a property to assess its true worth. The appraiser is sure to compile all of their findings into a report and generate the home appraisal’s value. The lender will typically handle ordering the appraisal, if a buyer is financing their purchase with a loan. Why should you care about home appraisals? If you are financing your purchase with a loan, your lender might require an appraisal contingency to ensure that your loan does not exceed the value of the property. Here are a few things to do to get the maximum appraisal value 1. Crank up the curb appeal The exterior of your home plays a role in determining its value. 2. Vet the competition