Real Estate Appraisal Facts
Part of buying a home is getting a real estate appraisal. Unfortunately, the whole real estate transaction process is intentionally made confusing by lenders and sellers and unintentionally made confusing by lawyers, judges, and legislators with conflicting interests. For the average home buyer such simple terms as “appraiser” and “inspector” are synonymous. After all, the appraiser and the inspector are paid in a similar fashion, are scheduled in a similar fashion, and come out and apparently do the same things. However, they provide very different services and both are typically required aspects of real estate transactions. If you are not completely sure what an appraiser does, you need to study the appraisal facts before you go into any real estate deal.