Appraisal 101

A home appraisal can feel like a mystery, but it's actually a vital part of any real estate transaction. Here's a breakdown of what happens and why it matters:

Property Value Assessment
The appraiser starts by evaluating your home’s condition, size, layout, and unique features. Everything from updated kitchens to curb appeal can influence the value.

Comparables Analysis
Next, your home is compared to recent sales of similar properties in your area—these are known as “comps.” This step helps ensure the valuation aligns with the current market.

Appraiser’s Report
The appraiser puts together a detailed report outlining their findings, including your home's market value. This report is used by lenders to confirm the home is worth the loan amount.

Potential Deal Breakers
Things like structural issues, outdated systems, or neglected maintenance can drag down the appraisal—and possibly jeopardize your deal.

Negotiation Tips
If the appraisal comes in lower than expected, don’t panic. You can negotiate with the seller, request a second appraisal, or even challenge the findings with additional comps.

💡 Pro tip: Stay in close communication with your real estate agent during the appraisal process—they’ll help you respond strategically to any surprises.

Have questions about appraisals or your home’s value? The Triv Team is here to help. Email us at info@TrivTeam.com or call +1 (216) 304-4067 to get expert guidance every step of the way.