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The Appraiser-Agent Relationship: A Win-Win Approach

Birmingham Appraisal

The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. If there are discrepancies between the mortgage appraisal and the contract price the appraisal can be used as a tool for negotiating a market-supported contract price.

Agents 85
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Say What? Home-Buying Lingo You Should Know

Zillow

This document spells out all the terms of the loan: the amount, the interest rate, the monthly payment, mortgage insurance, the monthly escrow amount and all closing costs. Closing escrow : The final and official transfer of property from seller to buyer and delivery of appropriate paperwork to each party.