What Is A Home Appraisal and How Much Does It Cost?
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An appraisal waiver (AKA “Value Acceptance”) means that no appraisal would be required for financing. I personally do not recommend using an appraisal waiver on a PURCHASE because I feel the homebuyer should know the value of the home they are purchasing, (and I strongly recommend a home inspection), however Appraisal Waivers are great for REFINANCES (where the borrower already owns the home) because they will save the homeowner the cost of the appraisal and allow them to close faster. 🤗 These
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