Bif Ward Real Estate Group
F.C. Tucker Company
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First-Time Homebuying
An appraisal is a written report comparing the condition and features of a particular property with others of a similar nature. Its purpose is to produce a professional estimate of the market value of the property. Virtually every mortgage lender requires an appraisal performed by a licensed appraiser. The property must appraise for at least the amount of the purchase price, or the lender will not extend financing. When you apply for a mortgage, your loan officer will immediately want to see a copy of your signed purchase agreement, and then he/she will order an appraisal.
Bif Ward Real Estate Group
The #1 Agent at Indiana's #1 Real Estate Company
9279 North Meridian Street • Indianapolis IN 46260
Direct Office: 317-580-7871
Mobile: 317-590-7871 • Fax 317-524-0645 Bif@TalkToTucker.com