\n\t\t\t\t
One of the most important factors in a home purchase is the price of the property. <\/b><\/p>
Two prices hold significance in a home purchase transaction. One, the home price agreed upon by the buyer and the seller, and two, the appraised home value by the certified appraiser. <\/b><\/p>
The lender is required to do an appraisal to ensure that the property is worth the value it is being sold for to protect its share of the interest in the property.<\/b><\/p>\n
Most of the time these values are close to proceeding with the transaction, however, sometimes these values may have huge differences and may cause issues to proceed with the transaction. In this post, we will understand what is an appraisal gap and how it works in detail.<\/b><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t