You have found a dream home. The asking price is $350,000, which has already been approved by your lender. But is your home really worth the valuation? This is the question which is at the heart of home appraisal. The real value or worth of the property would determine how much your lender is willing to give you for buying that property.
Here at Quality Appraisal Solutions & Services , we have extensive experience in appraising homes in Moorpark. Home appraisal is the most important thing to be done before you get your financing. It’s the expert opinion of a licensed or certified professional who determines the value of the property. Simply put, does your home really cost $350,000 or is $275,000 a more realistic price? Besides, a home appraisal protects your lender from getting stuck with a property which is worth much less than they lent to the buyer. It protects you, the buyer, from paying more for a home simply because you loved it at first sight. A home appraisal takes the emotional experience of buying a house and reduces it to a no-nonsense evaluation of a property.