If you're buying or selling a home in Santa Clarita, Valencia, Saugus, Newhall, Stevenson Ranch, Canyon Country or Castaic you’ll likely encounter an appraisal—but what is it, and how does it impact the deal?
An appraisal is a third-party valuation of the property’s fair market value. It’s usually required by lenders to ensure the loan amount aligns with the property’s worth.
When Do Appraisals Happen?
- After your offer is accepted and you’re in escrow
- Typically within 7–10 days of opening escrow
Who Pays for the Appraisal?
- The buyer usually pays (cost ranges from $500–$800+ in SCV)
What Affects the Appraisal?
- Comparable home sales (last 3–6 months)
- Location and neighborhood
- Size, upgrades, and condition
- Market conditions and inventory
What Happens if It Comes in Low?
If the appraisal is lower than the purchase price:
- Buyer can renegotiate or request a price reduction
- Buyer may cover the difference out-of-pocket
- In some cases, the deal may fall through
How to Prepare for an Appraisal
Sellers: Clean up, provide a list of upgrades, and ensure easy access.
Buyers: Work with agents who know how to challenge low appraisals with strong local comps.
Need help navigating the appraisal process in Santa Clarita? I’ll guide you through every step—reach out for advice and follow me on social for local real estate tips.
Ready to make your next move in Santa Clarita?
Contact Tami Cicerello with The Cicerello Team at RE/MAX Of Santa Clarita — your local real estate expert with 36+ years of experience helping sellers and buyers reach their goals.
661–212–3413| 
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Written by Tami Cicerello, REALTOR® and local real estate expert serving Santa Clarita, Valencia, Saugus, Newhall, Stevenson Ranch, Canyon Country and Castaic.