Purchasing a home may be the biggest investment you make in your lifetime. Residential real estate transactions are just part of day-to-day business for mortgage lenders, but for you, the homebuyer, this may be a new experience.
Are you saddled with unwanted debt and eager to be done with it? If the answer is yes, you’re not alone – plenty feel the same burden and are searching for financial freedom.
An appraisal gives you and your lender an estimate of a home’s value and helps make sure your offer, the purchase price, is in line with the home’s fair market value.