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Buyers: More objectivity now between lenders and appraisers. (02/27/14)

Understanding the appraisal process, and how property value is determined, can not only be confusing, but also may open the way towards challenging “short appraisals.” According to an article in The Seattle Times, “Appraisal lowdown,” it’s best that buyers start with a clear understanding of that all-important number as it relates to financing a property. For starters, an ‘appraisal’ reflects the value in…