Exploring the differences between market value, which is what a buyer is willing to pay, and appraised value, which is determined by an appraiser, and how these figures impact real estate transactions.
How sellers can use concessions to close the gap between the sale price and the appraised value, including examples of common concessions and their implications.
A deeper dive into how financing contingencies protect buyers by allowing them to back out of a sale if they can't secure a mortgage, and how this relates to appraisal outcomes.
Understanding the steps and factors involved in appraising a property, including how appraisers determine value based on comparable sales, property condition, and market trends.