Why We Need an Appraisal ?
Update: 2018-12-04
Description
Bank will usually want to protect themselves and order an appraisal to make sure that they are lending you the right amount of money for that particular house you are purchasing. Sometimes appraisal come back short and typically sellers will reduce the price to match the appraisal because bank will only lend based on what appraisal came back with not the purchase price.
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