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What to Consider About Appraisals in a Declining Market

Appraisals can be the make-or-break moment in a real estate deal—especially in a declining market. 📉 Here’s what to keep in mind:

  • Comps may lag. Appraisers look at past sales, not current listing prices. If the market is trending downward, your home may appraise for less than expected.
  • Condition counts. 🧼 Make sure your home shows well. Clean, decluttered, and well-maintained properties often appraise higher.
  • Negotiation may follow. A low appraisal can trigger price renegotiations or even kill a deal. Be prepared with recent comps and a trusted agent in your corner.

Knowledge is power in a shifting market. The more prepared you are, the smoother your deal can go.

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