: Confirms that you aren't paying more than the property's objective market worth.
: Offers an unbiased analysis of local market trends and property conditions, giving you peace of mind before a major investment. The Appraisal Process Who Pays For a Home Appraisal: Buyer, Seller, or Lender? getting a house appraised before buying
: Lenders use the appraisal to determine the maximum loan amount they will provide, as the home serves as collateral. : Confirms that you aren't paying more than
: If the appraisal comes in lower than the offer price, it provides a factual basis to ask the seller for a price reduction or repairs. getting a house appraised before buying