💰 Decoding the Mystery of Real Estate Appraisals 🏠 Ever wondered how that magic number gets attached to a house? 🤔 This week on Straight Talk with Rick and Meghan, we're pulling back the curtain on real estate appraisals! With over 50 years of combined experience, Rick and I break down everything you need to know: What IS an appraisal? Hint: It's more than just a guesstimate! We'll explain why it's crucial in the home buying/selling process. Who orders it and WHY? Is it the buyer, the seller, the lender? We'll uncover the players involved. The BIG question: How much does it cost? We'll give you the lowdown on typical fees and factors that influence pricing. And finally, who foots the bill? Get ready for some straight talk about who traditionally pays for the appraisal (and if it's negotiable!). Plus, Rick and I share our expert opinions and insider tips to help you navigate the appraisal process with confidence. Find Straight Talk with Rick and Meghan on: YouTube: @meghanshigo Spotify: @ straight talk with rick and meghan iTunes: @ straight talk with rick and meghan Know someone buying or selling a home? Share this episode with them! Meghan Shigo, Realtor Century 21 Affiliated DRE 01243803