Everyone waits for it to arrive on the lender's desk. As days tick by, a slight sense of dread covers the land. It's hard to put a finger on why, because there is so much mystery and uncertainty around the appraisal process.
No one has any control over who does the appraisal, when it will be delivered, or even whether or not the appraiser is familiar with the area. It's a big piece of the puzzle.
This PDF explains the process in detail, which can be helpful in interpreting your appraisal when it arrives in your inbox.
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