How do you prepare your home for an appraisal and boost its value?
Appraisal contingencies are clauses in real estate contracts that allow buyers to back out of the deal or renegotiate the price if the home appraisal comes in lower than the agreed-upon amount. They are designed to protect buyers from overpaying for a property that may not be worth as much as they expected. However, they can also pose a challenge for sellers, who may face the risk of losing the sale or having to lower their asking price. How do you prepare your home for an appraisal and boost its value? Here are some tips to help you ace the appraisal process and avoid appraisal contingencies.