What Is a Home Appraisal? A Simple Guide for Ohio Buyers and Sellers

If you're buying or selling a home, you'll likely encounter a home appraisal during the process.

But what exactly is it — and why does it matter?

Here's a clear, straightforward guide from Katie Roberts, a trusted Realtor serving Centerville, Dayton, and the surrounding Ohio area, to help you navigate the appraisal process with confidence.

What Is a Home Appraisal?

A home appraisal is an unbiased estimate of a property's market value, conducted by a licensed appraiser.

Mortgage lenders require an appraisal to verify that the home's value supports the loan amount — essentially, they need to confirm the home is worth what the buyer has agreed to pay.

When Does the Appraisal Happen?

After the buyer and seller agree on a price and sign the purchase contract:

• The lender orders the appraisal
• The appraiser visits the property to evaluate its condition, size, features, and location
• The appraiser compares the home to recent, similar sales in the area (called "comps")
• A report is issued, typically within a few days to a week

Katie keeps her clients informed throughout the process — so you'll always know what's happening behind the scenes.

What Happens If the Appraisal Matches the Price?

Good news! If the appraisal comes in at or above the contract price:

• The loan proceeds smoothly
• Buyers and sellers can continue toward closing

Katie monitors this process carefully to ensure everything stays on track.

What If the Appraisal Comes In Low?

If the appraisal comes in below the agreed-upon price, it can create challenges — but there are solutions.

• The buyer may need to bring more cash to closing
• The seller may agree to lower the price
• Both parties may renegotiate to find a solution

Katie guides her clients through these conversations calmly and strategically, working toward a fair outcome.

How Can Sellers Prepare for the Appraisal?

To help ensure the best possible outcome, Katie advises her sellers to:

• Keep the home clean and well-maintained
• Provide a list of recent upgrades or improvements
• Ensure the appraiser has easy access to all areas of the home

A positive, well-prepared presentation can make a difference.

How Can Buyers Stay Informed?

Buyers should:

• Maintain close communication with their agent and lender
• Understand how the appraisal affects their financing
• Be prepared to discuss options if the appraisal comes in lower than expected

Katie keeps her buyer clients informed and prepared — eliminating any surprises.

Need Help Navigating Your Appraisal?

Whether you're buying or selling, a knowledgeable Realtor can make the appraisal process smoother and less stressful.

Reach out to Katie Roberts today for expert guidance throughout your journey — from contract to appraisal to closing. With professional support, you'll navigate the process with confidence and success.