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The appraisal is a notorious pain point in the home-sale process: A low valuation can sink a deal, since the buyer may have to pick up the difference between their mortgage amount and the sum they ...
Homes appraise in increments of $500, so every perceived defect in your home, such as a leaky faucet, peeling paint, or non-functioning light switches, could cost $500 in your appraisal value.
The typical price for a single-family home appraisal is $500, according to a 2023 survey by the National Association of Realtors. The survey found that this cost can range from less than $300 to ...
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A home with a low appraisal represents a higher risk for the lender because you could end up underwater on the new mortgage. If you get a low appraisal, there are a few things you can do:
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