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Real Estate Agents questions, answered by experts

Factors considered in a property appraisal include its size, location, and overall condition, as well as recent comparable sales (comparables) and current market trends.

Yes. If the seller includes a kick-out clause in the contract, they can accept another offer while contingent.

Appraisals can come in above or below the list price or offer price for a property, and where it falls depends on many factors. Those include the condition of the property, the location, and the age of the home, but often, the condition of the market is the biggest determining factor. Where demand is high for properties, buyers compete with each other for homes, which tends to drive up offer prices above where appraisals come in. Where demand is low, you’ll often see the opposite happening.

Having a Level 2 charger can increase your home value, especially as electric vehicles become more popular. Homebuyers who have EVs or are interested in getting one will appreciate the convenience of a ready-to-use charging station. The added value can vary based on location and buyer preferences.

Yes, appraisals are often used for property tax appeals, estate planning, and determining market value.

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