
An appraisal can become an important part of the transaction when you're buying or selling in St. Louis. With inventory and buyer demand shifting throughout the area, there are times when the price a buyer agrees to pay differs from the value an appraiser ultimately determines.
Appraisers look to comparable sales data to help determine the value of a property. But when market conditions change quickly, the sales an appraiser considers may have taken place months earlier, creating a lag between what buyers are currently willing to pay and the