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Property can't appraise if set to high

When it comes time for the lenders’ appraiser to come out to appraise the property, the properties that have recently sold (commonly known as comps) are what the appraiser will use to help determine the value of your house. If there is an appraisal contingency (and there usually is), you can see how important it is to comply with the price range a CMA shows. Of course, each home is subject to condition, upgrades, and location to justify a little bit higher list price.

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bre#01262388, nmls #1082667, Broker Shan Roberts