The Process

Home Appraisal: What to Expect

September 2025 · 4 min read

An appraisal is an independent, professional opinion of a home's value. Lenders require it to make sure they are not lending more than the property is worth.

How it works

A licensed appraiser visits the home, evaluates its condition and features, and compares it to recent sales of similar nearby homes. They then issue a report with the home's appraised value.

If the appraisal comes in low

Renegotiate the price with the seller
Make up the difference in cash
Challenge the appraisal with additional comparable sales
Walk away if your contract includes an appraisal contingency

Why it protects you

While it is a lender requirement, the appraisal also protects you as the buyer from overpaying for a home.

A strong agent and lender can help you prepare for the appraisal and respond effectively if the value comes in lower than expected.

This article is general education, not financial, legal, or tax advice, and not a commitment to lend. Loan programs, rates, and requirements vary by lender, county, and borrower and can change. Talk with a licensed loan officer about your specific situation.

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