What is an appraisal and how does it affect a real estate dispute?

An appraisal is a professional assessment of a property’s value, conducted by a licensed appraiser. Appraisals are used to determine the market value of a property, which is an important factor in any real estate dispute in Texas. During a real estate dispute, an appraisal can be beneficial for both parties. For the buyer, the appraisal can be used to make sure they are not overpaying for the property. Additionally, an appraisal can help the buyer determine the actual market value of the property. This can be beneficial if the buyer’s and seller’s estimates vary significantly. For the seller, an appraisal can help reverse any lowball offers they may have received. Additionally, in some cases, the appraisal can act as a tie breaker when both parties are unable to reach an agreement. In the case of a real estate dispute in Texas, an appraisal is a valuable tool for both the buyer and seller. It can provide both parties with a clear understanding of the property’s value, and can often help the two sides come to an agreement. As such, it is an important part of any real estate transaction and should be considered during a dispute.

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What is an appraisal and how does it affect a real estate dispute?

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