What to Expect From a Home Appraisal


An appraisal determines the value of the property.  Once you get to the point in the process for the appraisal, your lender will order it.  The appraiser generally gets in contact with the listing agent to schedule the appointment to go out and see the home.  Prior to going, they go through a similar process as the realtor or agent and they do a current market analysis.  They look at homes that have sold, homes pending sale, and homes currently on the market.  They also look at the differences in the properties to determine a value.  They then go out and actually look at the property.  After they have done this, they will send the appraisal to the lender.

A buyer cannot purchase a home for more than the home is worth unless they pay the difference out of pocket.  Unless you really want the home, I would not pay more for a home than what it is actually worth.


An appraisal determines the value of the property.  To determine the value of the home they will do a current market analysis which consists of them looking at what has sold, what is pending sale and what is currently for sale.  They generally look in the past 180 days, but if there is enough they may only look at the past 90 days.  If there is not many, they could go back as far as a year (although unlikely).  They also look at the features of the home and determine a value.

It is extremely important to note that a buyer cannot get a loan for home for more than what the home is worth and is usually unlikely that a personal will pay more than what a home is worth.  It is your home and you have the right to decide to sell it at the appraised price or not.  If you decide not to and the buyers won’t come up, you will be back to square one looking for a buyer and will have to go through the entire process again.  In certain situations appraisal stick with the house for 6 months.

Challenging an Appraisal

While it is possible to challenge an appraisal, it can be an extremely lengthy process that could cost you time and money.  Before challenging an appraisal, it’s important to decide if you want to go through that process.

If you would like additional information, please reach out to me on social media or fill out the contact form! 


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