A »An appraisal provides an objective evaluation of a townhouse's market value, which can significantly influence the sale price. If the appraisal is lower than the agreed sale price, buyers may request a price reduction or additional negotiations might occur. Conversely, a higher appraisal can reassure buyers of their investment, potentially speeding up the sale process. Ultimately, appraisals help ensure that the price reflects the property's true value.

A »An appraisal can significantly impact the sale price of a townhouse. If the appraisal value is lower than the sale price, the buyer may renegotiate or walk away. A higher appraisal value can support the sale price, giving the seller an advantage in negotiations. It provides an objective assessment of the property's value.