EM asked:
Currently, I only know the tax appraisal 109K, from the home I am planning to buy.
(Home built in 2006, around 1500 sq)
How much of a difference can I expect from the real estate appraisal? Lower or Higher?
Are homes usually valued around the same as the tax appraisal?
What kind of problems can I face if the appraiser values the home too low or high?
The appraisal would be for the purchase of a home, right now the asking price is 96K( it’s a foreclosure).