REAL ESTATE APPRAISALS

In this Let's Get Real podcast episode, Bob Richards answers the following questions about Real Estate Appraisals:

1. What does an appraisal have to do with the real estate transaction?

2. Who requires the appraisal?

3. Who orders the appraisal?

4. Can the buyer or seller order an appraisal?

5. How much do they cost?

6. What happens if the appraisal comes in low?

7. What are other options for the buyer and seller?

8. If the buyer pays cash do they still need an appraisal?