What is an Appraisal and Why do Buyers need one?
Автор: Cindy Burkhardt, REALTOR®
Загружено: 2025-12-30
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When buying a home, many buyers hear the word appraisal but aren’t always sure what it means or why it’s required. In this video, I explain what a home appraisal is and why buyers need one during the purchase process.
A home appraisal is a professional opinion of a property’s value completed by a licensed appraiser. The lender requires an appraisal to confirm that the home is worth the agreed-upon purchase price before approving the loan.
For buyers, the appraisal plays an important role. If the home appraises at value, the transaction moves forward smoothly. If it comes in lower than expected, buyers may have options such as renegotiating the price, adjusting terms, or exploring other solutions.
As a Realtor serving Citrus County and surrounding areas, my role is to help buyers understand the appraisal results, explain their options, and guide them through the next steps so there are no surprises.
If you’re planning to buy a home and want to understand each step of the process ahead of time, feel free to reach out anytime.
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