The inspection is complete, and now it’s time for the appraisal! In this video, Avatar Bob explains what to expect during the home appraisal process, how it protects your lender, and what happens if the appraised value differs from your purchase price.
- Appraisal Waivers & Costs: Understand when you might get an appraisal waiver and why full appraisals (typically $500–$700) are ordered only after a successful inspection to save you money.
- The Appraiser’s Evaluation: Learn how the appraiser evaluates the home using fixed-dollar adjustments and past sales data to determine the official value for the lender.
- Safety Hazards & Work Orders: Discover how certain loan types (like FHA and VA) require the appraiser to flag visual safety hazards—like peeling paint or exposed wires—that must be fixed before closing.
- Appraisal Results & Gaps: Find out what happens when the report comes back, including the three common ways to keep the deal moving forward if the home appraises lower than your purchase price.
Ready for your own roadmap?
There is a reason most of our business comes from word-of-mouth. We protect our clients fiercely and keep them informed every step of the way. If you aren’t a Beekeeper client yet but want this level of service for your next move in the Twin Cities, reach out today.
A Quick Note from the Hive: The roadmap above is a general overview of our proven buying process. Because every home, timeline, and market situation is entirely unique, the information provided here is for educational purposes only and does not constitute legal or financial advice, nor does reading it establish an official real estate agency relationship. Our signed clients receive fully customized timelines, proprietary staging advice, and detailed strategic guidance tailored to their exact property. (If you are currently working with another broker, this is not intended as a solicitation.)