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When you set out to purchase a home as buyer you will eventually find a property you love. At that point, you’ll sit down and construct on offer to purchase.

The offer will spell out all of the common terms and conditions such as the offer amount, what you’re financing, any contingencies, and the closing date.

Buyers and sellers will often negotiate these items before reaching an agreement. One of the vital discussions you will probably have with your real estate agent is surrounding the real estate appraisal.