Appraisal

Your lender will order an appraisal of your home and coordinate with the listing office to schedule a time for the appraiser to see the home. The appraiser determines the fair market value of the home and insures the home is worth the price you are paying in order to secure the loan. The appraisal also helps insure the house meets certain standards regarding its condition. The average cost is $300 for an owner-occupied home.

If the home does not appraise for the sales price, negotiations with the Seller may lead to a price adjustment.

Next step, use contingencies in your offer.

Mike Burns, CRS, GRI
REALTOR®, Broker-Associate

COLDWELL BANKER
The Real Estate Group, Inc.
www.ColdwellHomes.com

5725 Windy Dr Suite E
Stevens Point, WI 54482
Direct: 715 295-5008
Cell: 715 498-1248
Fax: 715 295-5006

Web sites
www.StevensPoint Realtor.com
www.StevensPointHomes.net
www.StevensPointMLS.com
www.MikeBurns.info

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