NextPrevious

Savings and Investments

Investing in Real Estate

What does the term “appraise out” mean?

If the house “appraises out,” this means that the bank or mortgage company thinks that the value of the house is at least equal to the sales price; it is safe then to make a loan to the purchaser.

Home inspections are a vital part of home purchases. Buyers need to be fully informed of any defects or needed repairs in the spirit of full disclosure, and may not decide to buy a home if previously undiscovered problems arise.