BUYING AND SELLING REAL ESTATE

How Much Does a Home Appraisal Cost?

Home appraisal costs range from $150 to $700, depending on the property type and appraisal method, like full, exterior-only or desktop appraisals. Costs are influenced by location, property complexity, and the appraiser’s expertise. Additional fees may apply for rush services or extra forms. It’s essential to find a qualified appraiser to ensure a fair valuation, as prices and requirements vary.

2 people signing a contract

The FHA Amendatory Clause | What is it and Who Does it Benefit?

The FHA amendatory clause is a key protection for both buyers and lenders in real estate transactions involving an FHA loan, allowing the buyer to back out without penalty if a home’s appraised value is less than the sale price. This clause must be signed by both parties, with no exceptions, and is an integral part of FHA’s flexible loan program designed to help first-time buyers with benefits like low down payments and competitive interest rates. Sellers can renegotiate or cancel the transaction if necessary, maintaining a fair market.

Scroll to Top