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How Much Does a Real Estate Appraisal Cost? – costowl.com – real estate appraisal costs. Average costs for an official home appraisal depends on the size of your home and where it is located geographically. Larger homes are more expensive to appraise than smaller homes. Homes in places with higher costs of living will naturally cost more than a home appraisal in a less expensive area.
The best outcome from an appraisal would be to have the appraised value come in at least as high as the asking price. The bank bases the buyer’s mortgage financing on the appraised value, so a low.
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The appraiser must do a complete visual inspection of the interior and exterior and note any conditions that adversely affect the property’s value, such as needed repairs.. An appraisal costs.