The appraisal process has become a headache for many home buyers and sellers in the Twin Cities metro. Real estate agent Steve Fiorella told KARE 11 he has struggled to get the appraisal to match the purchase price for about 20 percent of his transactions so far this year. But a misappraisal could have serious consequences, even prison.
Watch KARE 11's story below:
The home sales price in the 13-county metro climbed to $175,000 in October -- up nearly 15 percent compared to a year ago, according to the Minneapolis Area Association of Realtors. Pending and completed sales were also up last month.