how far out from buying a home should the appraisal be done? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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If you’re buying a home and your offer has been accepted, the next step is applying for your mortgage. As part of that process, your lender orders a home appraisal. It gives you a trained professional’s point of view on the fair market value of the home to make sure it’s in line with the purchase price.
What Buyers Need to Know About VA Home Appraisals – If you choose to obtain financing through a VA loan, however, there are some things you need to know before you can close on your home. For instance, one of the things you’ll need to do is schedule a VA home appraisal after you have an accepted offer and before you close. Not familiar with VA home appraisals?
Do I need to pay for an appraisal on a new construction I didn’t request.? Asked by Highlander, 92821 Tue Aug 9, 2011. I am buying a new condo. We’re currently in escrow. I got a call from my mortgage co. saying I need to pay $400 for an appraisal.
As a seller, you won’t have much to do with the process at all. You may have to grant the appraiser access to the home, unless you have a lock box on the door. But that’s about it. You probably won’t even get a copy of the appraisal report. That’s between the home appraiser and the lender, and sometimes the buyer.
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If you bought a home several years ago, you'll find that the appraisal process has evolved. a property: When a home is changing owners, the purchase. The loan is going to fall $10,000 short of what you need to do the deal.
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