Home appraisals can be stressful for buyers and sellers alike, especially when an appraisal comes back higher or lower than expected. Learn how to be prepared for unexpected appraisal results.
Home values have been steadily increasing across Arkansas and the rest of the country for the last few years, making now a great time to consider selling. However, selling a home can be quite complex and involves more than simply listing your home and closing on a sale. The appraisal is one of the most important aspects of a home sale; it estimates the value of your home, and is a requirement among most mortgage lenders today. As a seller, you should always be prepared for the possibility that your appraisal will come in either higher or lower than the agreed-upon sale price of your home.