{"id":1883,"date":"2014-03-28T00:58:21","date_gmt":"2014-03-28T00:58:21","guid":{"rendered":"http:\/\/wp2.fastforwardstories.com\/?p=1883"},"modified":"2017-06-20T17:56:43","modified_gmt":"2017-06-20T21:56:43","slug":"what-is-an-appraisal","status":"publish","type":"post","link":"https:\/\/secure.titlecompanywebdesign.com\/uslandtransfer\/what-is-an-appraisal\/","title":{"rendered":"What Is An Appraisal?"},"content":{"rendered":"<p><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding:56.25% 0 28px 0;position:relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height:100%;left:0;position:absolute;top:0;width:100%;\">\n<div class=\"wistia_embed wistia_async_1gb1zzdhrd videoFoam=true\" style=\"height:100%;width:100%\">&nbsp;<\/div>\n<\/div>\n<\/div>\n<p>Every house is unique; appraisers are trained and licensed for expertise in putting a value on properties.<\/p>\n<p>Appraisers don\u2019t work for the buyer or the seller; \u00a0their primary mission is actually to protect the lender who\u2019s risking money against the home\u2019s value.<\/p>\n<p>Appraisers have to weigh factors about the property and location &#8211; including size, condition and comparable properties &#8211; to appraise its current value.<\/p>\n<p>They know how to focus on conditions that affect value;\u00a0dishes in the sink don\u2019t;\u00a0damage and neglect do.<\/p>\n<p>Appraisals lower than the proposed purchase price can affect transaction details.\u00a0The seller might have to lower the price<\/p>\n<p>or the buyer might have to increase down payment or fund additional escrow.<\/p>\n<p>Appraisal seems a lot like inspection, but they\u2019re not the same.<\/p>\n<p>You can think of it this way:<\/p>\n<p>Appraisers report on value to the lender<\/p>\n<p>Inspectors report on condition of the house and major components to the buyer.<\/p>\n<p>So &#8211; expect both appraisal &amp; inspection in your transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Every house is unique; appraisers are trained and licensed for expertise in putting a value on properties. Appraisers don\u2019t work for the buyer or the seller; \u00a0their primary mission is actually to protect the lender who\u2019s risking money against the home\u2019s value. Appraisers have to weigh factors about the property and location &#8211; including [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[22],"tags":[16],"_links":{"self":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/uslandtransfer\/wp-json\/wp\/v2\/posts\/1883"}],"collection":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/uslandtransfer\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/uslandtransfer\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/uslandtransfer\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/uslandtransfer\/wp-json\/wp\/v2\/comments?post=1883"}],"version-history":[{"count":1,"href":"https:\/\/secure.titlecompanywebdesign.com\/uslandtransfer\/wp-json\/wp\/v2\/posts\/1883\/revisions"}],"predecessor-version":[{"id":4885,"href":"https:\/\/secure.titlecompanywebdesign.com\/uslandtransfer\/wp-json\/wp\/v2\/posts\/1883\/revisions\/4885"}],"wp:attachment":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/uslandtransfer\/wp-json\/wp\/v2\/media?parent=1883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/uslandtransfer\/wp-json\/wp\/v2\/categories?post=1883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/uslandtransfer\/wp-json\/wp\/v2\/tags?post=1883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}