What Is a Home Appraisal in New Hampshire?

🏡 What Is a Home Appraisal in New Hampshire?

If you’re buying or selling a home in Plymouth, Campton, Thornton, Rumney, Ashland, or anywhere in Central NH, the home appraisal is one of the most important steps in the closing process — especially for financed buyers.

Here’s exactly what an appraisal is and how it works.

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What Is a Home Appraisal?

A home appraisal is an independent professional evaluation of a property’s fair market value.

Lenders require it to ensure they are not financing more than the home is actually worth.

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What Do Appraisers Look At?

A licensed New Hampshire appraiser evaluates:

✔ Square footage

✔ Number of bedrooms and bathrooms

✔ Condition of home

✔ Age of systems (roof, heating, plumbing, electrical)

✔ Lot size

✔ Location and neighborhood

✔ Comparable recent sales

✔ Renovations and updates

✔ Functionality and layout

✔ Overall market trends

Central NH homes near ski areas, lakes, or Plymouth State University can appraise differently depending on demand and season.

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Why Appraisals Matter in NH

Appraisals protect:

Buyers

From overpaying for a property.

Lenders

From risking a loan on an overvalued home.

Sellers

By confirming their pricing is defensible.

In towns like Campton, Thornton, and Ashland, low appraisal inventory or fast-rising markets can impact appraisals significantly.

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What Happens If a Home Appraises Low?

If the appraisal comes in below the agreed price, buyers can:

1️⃣ Renegotiate

2️⃣ Ask the seller to reduce the price

3️⃣ Cover the appraisal gap with cash

4️⃣ Split the difference

5️⃣ Walk away under the appraisal contingency

Appraisal outcomes directly impact financing.

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Can You Challenge an Appraisal?

Yes — you can request a Reconsideration of Value (ROV) if you believe:

✔ Incorrect comps were used

✔ Local sales were missed

✔ Appraiser made factual errors

Your agent and lender can help with this.

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Q&A

Q: Does a cash buyer need an appraisal?

A: No — cash buyers can skip the appraisal, but many choose to get one for peace of mind.

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Keywords

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Jim Johnson Real Estate Agent

58 NH Route 25A

Wentworth, NH 03282

P: (857) 249-7392

W: www.JimJohnsonRealEstateAgent.com

Licensed New Hampshire REALTOR® with Three Hills Real Estate Services

Broker Email: info@ThreeHillsRES.com

Broker Website: www.ThreeHillsRES.com