Land For Sale In This Area (Hectares of Land For Sale In Nigeria)

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Do houses usually sell for appraised value?
Most times, unlike the market value, the appraised value is not necessarily the price a real estate property will be bought or sold for. Normally, a property will not be sold-out for more than its appraised value, especially if the lender is the one financing the purchase.


Does your house have to appraise for selling price?
Usually before a mortgage is approved, the mortgage broker usually hires an appraiser to properly verify the market value of the property. Ideally, the appraised value of the property matches the price the buyer has agreed to pay. When a property appraises for less than the purchase amount, the transaction could as well be in jeopardy.


Does the seller get a copy of the appraisal?
Home sellers are not entitled to copies of the appraisals the lender or mortgage brokers conduct on behalf of their borrowers. If a home seller wants the appraisal copy conducted, she should consider asking for a copy directly from the buyer. However, a copy may come in very handy if the appraisal comes in low and then price negotiations must ensue.


Can I get my appraisal money back?
The fact is, the lender does not have this money to hand it back to you. Refunds for appraisals are normally not issued, but you are entitled to a copy of the appraisal document. This actually means that they are cleared to borrow the funds, and that once the real estate property is approved, the mortgage should fund it.


Why are houses not selling?
Many homeowners may end up feeling that their real estate agent is not doing enough to sell their home. If you should believe that to be the case then make sure you have told your agent what you think. Maybe ask them what else they could be doing to market your property. It is very important to be open with your real estate agent about your expectations.


What is the most common reason a property fails to sell?
The most common reason a property fails to sell is usually when it's overpriced.