When someone is thinking about buying a home, one of the key parts is the home appraisal. The appraisal ensures that the buyer is paying a fair price for the home while also protecting the mortgage lender against taking a loss. On the other hand, an appraisal is also an added cost of the buyer can be a serious source of stress for both sellers and brokers. Recently, government agencies have passed a rule saying that home appraisals are no longer going to be required on homes that are less than … [Read more...]