S2 EP6: Let’s Talk Appraisals

Did it appraise or not appraise? That is the question! Everything can be going right during a transaction...the price is agreed upon, the inspections go well, the survey is done, the lending process is well underway, and the title search has started. But this one seemingly minor item, yet incredibly important component, can make or break everything, oftentimes days before closing. Today’s episode answers some questions about the appraisal process, the purpose of the appraisal, and what can happen when it goes wrong, and why.