🏡 Real Estate Term to Know: Appraisal. An appraisal is a home value estimate ordered by your lender to ensure that the price of the property aligns with its worth. Here’s why it matters: If the appraisal results in a low value, your loan may be denied or require renegotiation. Understanding the terms of an appraisal can help you make informed decisions and buy with confidence. If you have any questions, feel free to ask below ⬇️ #RealEstateTips #HomeBuying101 #Appraisal