{"id":1883,"date":"2014-03-28T00:58:21","date_gmt":"2014-03-28T00:58:21","guid":{"rendered":"http:\/\/wp2.fastforwardstories.com\/?p=1883"},"modified":"2014-03-28T00:58:21","modified_gmt":"2014-03-28T00:58:21","slug":"what-is-an-appraisal","status":"publish","type":"post","link":"https:\/\/trumantitle.com\/2014\/03\/28\/what-is-an-appraisal\/","title":{"rendered":"What Is An Appraisal?"},"content":{"rendered":"<p><script src=\"https:\/\/fast.wistia.com\/assets\/external\/E-v1.js\" async><\/script><\/p>\n<div class=\"wistia_responsive_padding\" style=\"padding:56.25% 0 0 0;position:relative;\">\n<div class=\"wistia_responsive_wrapper\" style=\"height:100%;left:0;position:absolute;top:0;width:100%;\">\n<div class=\"wistia_embed wistia_async_63iqkaxz1o dnt=1 videoFoam=true\" style=\"height:100%;position:relative;width:100%\">\n<div class=\"wistia_swatch\" style=\"height:100%;left:0;opacity:0;overflow:hidden;position:absolute;top:0;transition:opacity 200ms;width:100%;\"><img src=\"https:\/\/fast.wistia.com\/embed\/medias\/63iqkaxz1o\/swatch\" style=\"filter:blur(5px);height:100%;object-fit:contain;width:100%;\" alt=\"\" aria-hidden=\"true\" onload=\"this.parentNode.style.opacity=1;\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Every house is unique; appraisers are trained and licensed for expertise in putting a value on properties.<\/p>\n<p>Appraisers don&#8217;t work for the buyer or the seller; &#160;their primary mission is actually to protect the lender who&#8217;s risking money against the home&#8217;s value.<\/p>\n<p>Appraisers have to weigh factors about the property and location &#8211; including size, condition and comparable properties &#8211; to appraise its current value.<\/p>\n<p>They know how to focus on conditions that affect value;&#160;dishes in the sink don&#8217;t;&#160;damage and neglect do.<\/p>\n<p>Appraisals lower than the proposed purchase price can affect transaction details.&#160;The seller might have to lower the price<\/p>\n<p>or the buyer might have to increase down payment or fund additional escrow.<\/p>\n<p>Appraisal seems a lot like inspection, but they&#8217;re not the same.<\/p>\n<p>You can think of it this way:<\/p>\n<p>Appraisers report on value to the lender<\/p>\n<p>Inspectors report on condition of the house and major components to the buyer.<\/p>\n<p>So &#8211; expect both appraisal &amp; inspection in your transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every house is unique; appraisers are trained and licensed for expertise in putting a value on properties. Appraisers don&#8217;t work for the buyer or the seller; &#160;their primary mission is actually to protect the lender who&#8217;s risking money against the home&#8217;s value. Appraisers have to weigh factors about the property and location &#8211; including size,&hellip;<\/p>\n","protected":false},"author":51,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[5],"tags":[17],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is An Appraisal? - Warrensburg, Higginsville, Lexington, MO | Truman Title, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trumantitle.com\/2014\/03\/28\/what-is-an-appraisal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is An Appraisal? - Warrensburg, Higginsville, Lexington, MO | Truman Title, Inc.\" \/>\n<meta property=\"og:description\" content=\"Every house is unique; appraisers are trained and licensed for expertise in putting a value on properties. 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