Overview of a Real Estate Appraisal

Real Estate Appraisal Explination

This explination of the appraisal process from Quicken Loans covers all the bases of the purpose of appraisals and their importance in the morgage industry. Having a correct, up-to-date appraisal value is of utmost importance for every party involved in a real estate transaction.

Appraisers Want your House to Appraise...

This video is very insightful in how each party in a real estate transaction functions, what their goals are, and how they all work together. If one party does not do their job right, it makes it harder for everyone else to close a deal. Transactions in real estate essentialy start from the price the listing agent lists the property for. Even if there is a buyer for the property, the loan may be declined because the appraiser for the loan finds that the property is not worth as much as it is listed for. The best thing for everyone would be to only list properties based on their true value.