Home appraisal tips - and what is home appraisal based on | Opendoor
Abstract
Whether you're selling or purchasing a home, you're likely to encounter a home appraisal contingency at some point. Continue reading: Home appraisals: the process, and cost Why should you care about home appraisals as a buyer? Lenders generally base the amount of money they loan you on the appraised value of a property, not the listing price. If the home you've made an offer on is appraised at an amount lower than your offer price, you have a few options: Buying a home? Browse our listings and self-tour homes on your schedule, just use our app to unlock the door. How is a home appraised? During a home appraisal, a licensed appraiser conducts a thorough inspection of the property. Continue reading: How long does a home appraisal take? How can sellers ensure they get the maximum appraisal value for their home? There are several things sellers can do to increase their home's value. Consider cosmetic upgrades Upgrading your home for an appraisal is always a gamble. Try our home improvement calculator to see which upgrades can add the most value to your home.
