You are buying a home in the Auburn – Opelika area? You are under contract, have gone through inspection, objection, and resolution. Your loan is this close to being funded, all that’s left is the appraisal. Just as every other inspection has a price, the appraisal doesn’t come for free, either. So how much does a home appraisal cost, and can you shop around?
The appraisal tells your lender how much the home is worth. The appraiser uses recently sold homes in the immediate area and compares them to the home you are buying in order to come up with a value. If there aren’t any recently sold homes like yours, any recently sold in your area, or both, their job is infinitely more difficult. Some areas of difficulty that are more time consuming for your appraiser may affect the home appraisal cost.
For all of your real estate needs in the Auburn-Opelika area please contact me at (334) 332-7263 or email me at LauraSellers01@Gmail.com or visit my website. I look forward to helping you find the home of your dreams or sell your existing home.