Why Banks Appraise Homes – and What an Appraisal Has to Do With Your Purchase
When you're buying a home in Albuquerque, your lender will almost always require an appraisal — even if you’re confident the home is worth the price. This step can feel like a technicality, but it plays a major role in the purchase process. The appraisal protects both you and the bank by verifying the property's value before the loan is finalized. It’s one of the most important parts of the mortgage approval process and can even influence how your deal moves forward. Why Banks Appraise Homes – and What an Appraisal Has to Do With Your Purchase A home appraisal helps determine the fair … Continue reading...