My Home Appraisal. Other things that can hurt a house appraisal include a declining real estate market, structural problems and the wrong renovations. There may come a time when we need a home appraisal, perhaps for a home equity loan or line of credit.
If a home doesn’t appraise for its sale price, you’ll either have to lower the price to the appraised value or ask the buyer to bring more money to the table to make up the difference. The appraisal process is meant to be objective, but appraisers are human. If you’re selling your home, more than likely the buyer & agent will coordinate with your realtor for when the appraiser will be stopping by to see your home.
A home appraisal is an unbiased estimate of the true (or fair market) value of what a home is worth.
Bill has helped people move in and out of many metrowest towns for the last 29+ years. Please see my disclaimer page for more information) when does a home appraisal happen? The home appraisal occurs after you accept an offer and usually within seven days after an inspector has reviewed your home. There may come a time when we need a home appraisal, perhaps for a home equity loan or line of credit.