*NEW SEGMENT* Real Estate Alphabet Soup: A for Appraisal
By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
Happy Monday! Welcome to the new segment we have tor this blog -- Alphabet Soup! So in a day, I'll be posting a terminology from the real estate industry, from A to Z. Then we'll be discussing that word to give more insights as to what it's all about.Since this will be the first time we're doing this, we start with A.:A for AppraisalAppraisal means the independent value of your home. As a buyer, your lender of choice or the bank will send an independent person to evaluate and ensure that you are not overpaying for the home of your choice. As a home seller, you can also have an independent appraisal, but the bank doesn't have to honor it. For a smoother transaction, it'll always be better to talk to an expert realtor to see the value of your home and to know more about how to sell your h...
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