Whether you’re buying or selling, the appraisal is one of those moments that can quietly make–or break–a deal. It’s also one of the most misunderstood parts of the process.

So what actually happens during an appraisal, and how can you prepare for it? Here’s what you need to know.

You found the home. Your offer was accepted. Everything should feel exciting… right?

And then comes closing.

Suddenly there are emails, documents, deadlines, inspections, and about 47 things you didn’t realize you’d need to sign. Even the most laid-back buyers can start to feel overwhelmed during this phase.

If you’re a homeowner, foreclosure is one of those things you hope you never have to think about. But if payments start getting tight, it can suddenly feel very real–and very overwhelming.

The good news? Foreclosure doesn’t happen overnight, and you usually have more options than you think.