How to bridge appraisal gaps in todays market
If you’re searching for drama, don’t limit yourself to Ne lix. Instead, tune in to the real estate market, where the compeion among buyers has never been fiercer. And with homes selling for record highs,1 the appraisal process is receiving more a en on than ever. That’s because, in a rapidly appreciate market, a property is more likely to appraise below the sales price—which can lead to major repercussions for both buyers and sellers.
It’s never been more important to understand the appraisal process and the risks involved. It’s also crucial to work with a skilled real estate agent who can guide you to a successful closing without overpaying (if you’re a buyer) or overcompensainting (if you’re a seller). Find out how appraisals work—and in some cases, don’t work—in today’s unique real estate environment.
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