The average income for home appraisers is $61,116 as of February 2022, according to PayScale, although a certified residential real estate appraiser may earn $100,000 or more, as they become more experienced.1A trainee earns considerably less with annual earnings before taxes as low as $37,5...
Make sure you know your rights as well. If you hire the appraiser to determine your home’s value, the appraisal belongs to you. If you’re refinancing your mortgage and the lender hires the appraiser, the lender is required to provide you with a copy–possibly for a reasonable fee–of ...
Seasonal conditionsYou might be charged more at specific times of year if conditions make it more challenging for the appraiser to access the property. Who pays for a home appraisal? Under federal regulations, neither the buyer nor the seller can choose the appraiser themselves. The lender is al...
After you've compared quotes and chosen a policy, you'll sign the legal contract and make your first payment. Ensure you read and understand your policy in its entirety so you know what it does and doesn't cover, how much it costs, and when it ends. Be sure to store a copy of you...
While the average home equity loan closing costs can be comparable to primary mortgages — a range of 2–5 percent of the total loan — they’re often much less, amounting to around 1 percent. That’s partly because you’re borrowing a smaller amount (usually) and partly because some of...
Say your business earns $250,000 a year. How much does that make it worth to a buyer looking for a healthy return on investment? Should they pay five times that amount, expecting the company will continue to grow over the next five years? Or maybe only twice that amount? What other ri...
Do employee performance evaluation forms make sense for small businesses? Yes, small businesses also need to assess employee performance on a regular basis. If you use a predefined form or a set of forms, the process will be much easier and more predictable for you. You won’t have to come...
Posted byAsk An AppraiseronFebruary 16, 2023inBuying a Home,Tangipahoa Parish Real EstateLeave a comment Choosing the right real estate property is a significant decision that requires careful consideration. As a homebuyer, you need to make sure that the property you select meets your needs, pre...
Maybe the basement floods twice a year and you happen to be visiting during a dry month. A home inspector can find these and other types of problems for you. Even when your lender requires the home appraiser to check for minimum building standards, you, or your Realtor, should order ...
meaning no down payment is required. Compare this to traditional mortgage programs today, which require at least 3% down. While it doesn't sound like too big of a percentage, 3% on a $350,000 is $10,500 out-of-pocket. Removing that requirement can make it much easier to afford a ...