independent of the one ordered by the lender. This type can be completed by your choice of appraisers but be aware the lender may not use it. Often, a buyer or seller wants a second opinion on the value of the house and hires a private evaluation...
A simple online search for home appraisers in your area may help you find local companies. The Appraisal Institute also has a search feature to help you find licensed appraisers local to you that are a part of the organization. Regardless of where you're searching, Schley recommends looking fo...
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Appraisers typically visit a home in person and analyze a number of factors, including its location, age and condition, structural construction and materials, size and square footage, updates and improvements, style and curb appeal. They will also consider the local market conditions and the overall...
With a cost/replacement opinion of value the appraiser is looking at what it would cost to replace the home if destroyed; this is more commonly used for new homes. Important Note: An appraisal is not a home inspection! Appraisers only look for major concerns, they do not examine the home...
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Appraisers will also factor in major differences that may make your home’s valuation different. Because the market determines the value, it's easier to pinpoint a more accurate value for homes that are similar to others in the neighborhood than for houses that are unique. A t...
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What Does a Home Appraisal Cost? Home appraisals typically cost between $300 and $450.1The home's location, size, and condition factor into the cost. Appraisers may work on a flat fee or hourly basis. If the appraiser expects to be paid a percentage of the home's value, it signals an...