video1.0<iframe src="https://www.loom.com/embed/fc3fed587d7e486987fbde184a976c4e" frameborder="0" width="1802" height="1351" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>13511802Loomhttps://www.loom.com13511802https://cdn.loom.com/sessions/thumbnails/fc3fed587d7e486987fbde184a976c4e-d3c2f9ec0fb0491e.gif210.644In this video, I delve into the crucial topic of appraisals in real estate transactions. Understanding why appraisals occur is vital for managing client expectations and ensuring smooth transactions. I explain various factors that can trigger an appraisal request by a lender, such as property location, size, and listing description. It's not just about the purchase price! I provide examples to illustrate how a high purchase price can lead to out-of-pocket expenses for clients, potentially causing financing issues.