An appraiser provides an unbiased estimate of a property’s value based on recent comparable sales and condition. Lenders use appraisals to confirm the home’s worth before approving financing. Their role ensures fairness and protects both lender and buyer from overpaying.

“As is” sales mean the seller won’t make repairs or negotiate issues found in inspection. Buyers must be prepared for potential maintenance or hidden costs. A thorough inspection and realistic budgeting are essential to avoid surprises.

Condos involve ownership of the interior unit only, while townhouses usually include the land beneath. Condos often come with shared amenities and higher HOA fees, whereas townhomes offer more independence. The right choice depends on lifestyle and maintenance preferences.