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Home Appraisal Requirements For 2021



Do you actually NEED an appraisal? ⚠️ With all the drama surrounding appraisals these days, you may be wondering if you can skip the process altogether.

The short answer: maybe.

Here are 3️⃣ scenarios where a formal appraisal may be waived ⬇

🏠 A buyer purchases mortgage insurance

💰 A buyer makes a large down payment

💻 A lender uses an automated valuation model (AVM)

Want to learn more about the appraisal process requirements? Contact us, Laurie at 514-575-7984, Shapoor at 514-295-8787

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