Understanding Home Appraisals: A Guide for Buyers and Sellers | Connie and Jamie

Appraisals have always been a vital part of the home buying or selling process. While they've often taken a back seat to other essentials like mortgages and inspections, today, they are frequently front and center. With low inventories and rising home prices making lenders increasingly cautious about property values, banks now rely more heavily on accurate appraisals to ensure a property's value aligns with the loan amount.