Doug Watson - Real Estate

Real Estate Term Explained: Appraisal 🏡

An appraisal is a licensed expert’s unbiased opinion of a home’s value. Required by lenders before approving a mortgage. It ensures the property is worth the loan amount.

It’s a key step—if the appraisal comes in low, it could reduce how much you can borrow. Was this helpful? Let me know in the comments! 💼