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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