Anyone who has ever sold a home, whether their personal home or an investment property (such as a flip) knows how much hinges on the appraisal. If the appraisal comes back low, you make less money on the sale than anticipated or go back to the market hoping for another shot with a different buyer and appraiser. Or if you’re trying to refinance your property to get rid of PMI, secure a home equity line of credit (HELOC), your bank will order an appraisal. So what is an appraisal, why does it matter, and is there anything YOU can do to help your property appraise as high as you need (or want) it to? The answer is YES. Check out this video I created sharing what I personally do each time I’m selling or refinancing a property to ensure I get a strong appraisal—it hasn’t failed me yet!
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