Do buyers and sellers understand what a real estate appraisal is? Depending on the transaction, appraisals serve different purposes. It’s a critical part of most transactions yet confusion remains and some routinely mix up appraisals with inspections. Both are critically important, both will have professionals inside the home and both work as objective third parties to the transaction. Click here for a run down on what appraisals are used for and how they may benefit you – What is an appraisal?
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