What to Expect at Your Nashville Home Appraisal

Why Appraisals Are Required

Lenders want to confirm they’re not lending more than the home is worth. An appraisal:

• Protects the buyer from overpaying

• Protects the lender from lending against an inflated value

• Can influence your loan terms and approval

Who Orders the Appraisal?

• Your lender orders the appraisal — not you or your REALTOR

• The cost is typically paid by the buyer (about $500–$750 in Nashville)

• The appraiser is an independent, licensed professional

What Happens During the Appraisal?

1. Property Inspection

   • Appraiser visits the home

   • Measures square footage

   • Notes condition, updates, and amenities

2. Market Analysis

   • Compares the home to recent sales of similar properties (comps) in Nashville

   • Adjusts for differences like location, size, and upgrades

3. Final Valuation

   • Issues an appraisal report with the home’s fair market value

   • Sends it to your lender

What If the Appraisal Comes In Low?

A low appraisal can create challenges:

• Renegotiate Price: Ask the seller to match the appraised value

• Pay the Difference: Bring extra cash to cover the gap

• Dispute the Appraisal: Provide additional comparable sales to challenge the value

• Cancel the Contract: If your contract allows, you may walk away without penalty

Nashville Factors That Can Affect Appraisal Value

• Hot neighborhoods like East Nashville and Sylvan Park may see rapid value shifts

• Renovations and upgrades can boost value if done well

• Unique properties may be harder to appraise due to limited comparable sales

How to Prepare for the Appraisal (Buyers & Sellers)

• Sellers: Ensure the home is clean, accessible, and highlights its best features

• Buyers: Be aware of recent neighborhood sales and any upgrades made to the property

How Nik Shewmaker REALTOR Helps

• Market Insight: Knows local sales data to anticipate potential appraisal issues

• Negotiation Support: Helps you respond quickly if the appraisal comes in low

• Lender Communication: Works closely with your lender to keep your purchase on track

Final Thoughts

The appraisal is a critical step in your Nashville home purchase. While you can’t control the appraiser’s opinion, preparation and expert guidance can help you navigate any challenges.

Call to Action

If you’re getting ready to buy a home in Nashville and want expert support through the appraisal process, contact Nik Shewmaker REALTOR today.

Nik Shewmaker (NashvillesNik)

📲 Call or text (615) 585-0022

📧 Email: Nashvillesnik@gmail.com

🌐 Visit: www.NashvillesNik.com