3 things to know about the (often mysterious) appraisal process:
- Appraisals are still done by human beings, subject to their opinions and biases.
- If you’re a buyer with an appraisal shortfall, there are strategies to manage that risk before you write an offer and during escrow.
- As a seller, you also need to have a plan to mitigate appraisal risks, and vetting buyers during negotiations sets you up for success.
Let’s talk and identify strategies that could help you!