A home appraisal is essential in real estate transactions, impacting both buyers and sellers. Sellers should prepare by making repairs and enhancing curb appeal, while buyers need to understand how their loan type affects the appraisal process. Appraisers evaluate a home's value based on its condition, features, and comparable sales. Issues like mold or inadequate systems must be addressed before approval. Market conditions can influence appraisal values, and maintaining records of improvements can help maximize a home's worth.
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