<\/span><\/h2>\n\n\n\nIf all goes well, your appraisal will come back at or above value \u201cas is.\u201d This means they have reached the value based on the condition the property is currently in.<\/p>\n\n\n\n
It may come back as \u201csubject to.\u201d In this case, the appraiser has given you the value of your property factoring in some improvements that you must make. Once you have made these improvements, your home will be valued at the amount specified.<\/p>\n\n\n\n
If you believe that the value of your appraisal is incorrect, you can dispute the outcome by sending a reconsideration of value request letter to your lender<\/strong>. Incorrect values can occur when the comparable properties were not adequate, especially if the appraiser is not familiar with the area.<\/p>\n\n\n\nContingencies can be useful if set up ahead of time. For example, you as the buyer can agree prior to the assessment that if the value comes back lower than the negotiated purchase price, you are released from the deal.<\/p>\n\n\n\n
It typically takes about a week for the appraiser to complete the report of your home’s value. Regardless of the reason you are having the appraisal done, it is important that you keep a copy of the report for your records. It ensures that negotiations and discussions will be fair to all parties and is a tangible representation of your investment.<\/p>\n","protected":false},"excerpt":{"rendered":"
Whether you are seeking a home appraisal because you are buying, refinancing, or selling a home, it is important to understand the information on your home appraisal report. Many buyers obtain a home appraisal out…<\/p>\n","protected":false},"author":26,"featured_media":3729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[26,372,371,313,82,52,39,3,373],"class_list":["post-3722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-investing-articles","tag-analysis","tag-appraisal-report","tag-appraiser","tag-education","tag-how-to","tag-inspection","tag-inspections","tag-investing","tag-uniform-appraisal-report"],"_links":{"self":[{"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/posts\/3722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/comments?post=3722"}],"version-history":[{"count":10,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/posts\/3722\/revisions"}],"predecessor-version":[{"id":3746,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/posts\/3722\/revisions\/3746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/media\/3729"}],"wp:attachment":[{"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/media?parent=3722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/categories?post=3722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/tags?post=3722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}