Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
Lender’s require professional appraisals completed by certified residential appraisers. The appraisal allows the lender to determine the value of the home and loan funds based on that figure. Appraisal’s are also a good idea for buyer’s as they allow the buyer to determine if they are paying a fair price and what the condition of the home is.
