Spring Market 2025: What You Need to Know. Episode 7: Navigating the Appraisal Process
- Nikia Evans
- May 9
- 2 min read
You found the home, got your offer accepted, and completed the inspection—congratulations! But before you get too comfortable, there's one more critical step in the process: the appraisal.
In today’s competitive spring market, understanding the appraisal process is key to protecting your investment and keeping your deal on track. Let’s break down what you need to know.
🏦 What Is a Home Appraisal?
An appraisal is an unbiased, professional opinion of a home’s value, typically required by your lender to ensure the property is worth the amount you’re borrowing. It’s performed by a licensed appraiser and is based on a variety of factors including:
Comparable home sales (a.k.a. “comps”)
Property condition
Size and layout
Neighborhood trends
📉 What Happens If the Appraisal Comes in Low?
This is a common concern in a fast-moving market where homes can sell quickly and sometimes over asking price.
If the home appraises below the agreed-upon purchase price, here are your options:
Renegotiate the price with the seller to match the appraised value.
Make up the difference in cash.
Challenge the appraisal with additional data (comps or improvements).
Walk away if your contract has an appraisal contingency.
As your trusted broker, I’ll help you navigate these options to protect your interests.
🏡 What Can Sellers Do?
If you're selling your home, preparation is key:
Price it right from the beginning using a solid market analysis.
Keep records of any recent upgrades or renovations.
Make sure the home is in top condition before the appraiser visits.
Even small things—like clean landscaping or a well-lit room—can make a difference in perception.
💼 How I Help My Clients
With over 20 years in real estate, I’ve helped buyers and sellers across Illinois, Indiana, and Georgia navigate hundreds of appraisals. I:
Provide strong comparable sales data to support your price
Communicate directly with appraisers (when allowed) to ensure key upgrades and features are noted
Guide buyers and sellers through every scenario—so no matter what happens, you’re not caught off guard
Next Steps
Appraisals can be intimidating, but with the right preparation and representation, they don’t have to be stressful. I’m here to make sure your transaction moves forward smoothly—even if surprises pop up.
Stay tuned for Episode 8: Closing Day: What to Expect Before You Get the Keys
Have appraisal questions?
Call me anytime at 📞 708-249-3393
or visit🌐 www.LimitlessRealEstateInvestments.com
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