How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of
Redfin
MARCH 3, 2022
A home appraisal provides the fair market value of a property and is typically required by your mortgage lender. It’s used to determine how much you can borrow and assures the lender that they aren’t lending more than what the home is worth. They can also price their home competitively for a quick sale.
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