Appraisal Adjustment Guidelines Everyone Wishes They Knew Today

The Importance of Accurate Appraisals

Accurate appraisals are essential for various stakeholders, including buyers, sellers, lenders, and investors. They ensure that the price of a property is in line with its actual market value, preventing overpayment or underpayment. For lenders, accurate appraisals mitigate the risk of lending more than a property's worth, which can lead to financial losses.