9) Appraisal Period
An appraiser will inspect the home for room/home measurements and conditions.
They will assign a value of the home-based on the above compared to recent sales in your area.
If the value is at or above the sales price, we move forward. If below we renegotiate or cancel.
If the buyer is using ﬁnancing, the lender will only lend on the appraisal value.