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What You Need To Know About Appraisals

If you are buying a home and need a mortgage, the lender will require a property appraisal — comparing the sales price you have negotiated to other comparable homes that have sold in the area. If you are thinking of buying a new home or refinancing your home, you will also need an appraisal. Here are some things you need to know: Who Pays For the Appraisal? If the buyer of your home needs ...
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