About Appraisals
Appraisals are an essential part of the Sales transaction. Typically, a Buyer is borrowing money to purchase a home. That Buyer's lender hires an appraiser to ensure that the amount the Buyer borrows for that property is equal to or exceeds the VALUE of that property. If a Buyer is paying cash, he or she will hire his/her own appraiser.

Many negotiation problems can arise if an appraisal comes in lower than the agreed upon Purchase Price, therefore it is crucial that a Seller considers the appraisal of his/her property when realistically pricing it for sale.