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Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. While there are different laws for different states, Fannie Mae has a general list of requirements on their site. This process is heavily regulated. How Long Does an Appraisal Take?
Online valuation tools can provide a starting point, but they may not account for recent upgrades or unique features of your property. Consider hiring a professional appraiser for a more accurate valuation. For homes built before 1978, federal law requires sellers to provide a Lead-Based Paint Disclosure.
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