What Is a Reconsideration of Value for an Appraisal Report?

reconsideration of value

The cooling housing market is forecast to continue in 2023, and buyers and sellers are proceeding with caution. With increased interest rates and declining home sales, there’s plenty to be nervous about—and there’s still the home appraisal, which can derail any mortgage deal if it comes in “low.” The good news is that a reconsideration…

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7 Questions Residential Appraisers Ask Homeowners

questions appraisers ask homeowners

When purchasing a home with a mortgage or refinancing, the transaction may require that a home appraisal inspection be done. This is because appraisals assure the lender that they are not issuing mortgages for more than what residential properties are worth. Appraisals are conducted by real estate appraisers, who must meet an educational requirement and…

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