We made a $90,000 offer on a house listed for $97,500. We were pre-qualified for more than our offer. However, when the mortgage company had the house appraised, it came in $14,000 less than our offer ...

Simplify your mortgage journey with a trusted lender. Home appraisals are an important part of buying and selling a home. The primary purpose is to put an estimated value on a property based on the ...

Property: Single-family home in Richmond. Rate: 4.375 percent, no points. Backstory: My clients were first-time home buyers and looking in Richmond for a home to accommodate their growing family.

It wasn’t the first time that Katherine Scheri ruined a real estate agent’s day with a low property appraisal. Scheri, a real estate appraiser, had sized up a three-bedroom, two-bath house in Santa ...

But in Philadelphia and other U.S. cities, studies have shown that if you live in a Black or Hispanic neighborhood, your home is more likely to be appraised below its market value when compared to ...

Forbes contributors publish independent expert analyses and insights. I write about real estate economics. This article is more than 5 years old. Does the typical appraisal protect you from overpaying ...

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