An appraisal is an assessment of home value. The appraiser considers the home's condition as part of the analysis of how much the property is worth, as well as other factors, such as the local housing market. The appraiser doesn't make recommendations for repairs. Getting a home appraisal ...
It is important to tell appraisers of all upgrades you have done to your property. Anything from fixing rain gutters to redoing kitchens, switching out water heaters to adding a new air-conditioning system. You should tell them about anything you have done that could add value to your house....
An appraisal determines the home's value to ensure that the price reflects the home's condition, age, location, and features, such as the number of bathrooms. Valuations also help banks and lenders avoid lending more money to the borrower than the house is worth. In the event ofdefault, w...
but if you’re buying, selling, or refinancing a house, it should be at the top of your mind. There’s a whole host of questions that come with this process: what to expect, costs involved, and what’s in the appraisal report. We’re here to demystify the home appraisal process...
Why is an appraisal needed? Home appraisals benefithomebuyersas well as homeowners. “An appraisal is always in the best interest of the buyer, as it will assess the value of the property and help the buyer have confidence in the purchase price of the home,” says Jackie Boies, senior dire...
Prepare the House For Sale Unless you decide to sell your house as is, you need to prepare your house to be listed on the market and to be shown to potential buyers. The length of time it takes to prepare the home will depend on how much maintenance and work the owner has already pu...
How much is my house worth? It’s a question every homeowner wants to know the answer to, especially if you’re thinking about selling. Any number of factors might affect the value of your home, including the neighborhood you’re located in, the size of your lot and the age and conditi...
So, you’re thinking of buying your first home. That’s exciting. As you begin your house hunting adventure, do your homework and figure out how much you can comfortably afford. Let’s look at three key factors before you start shopping: your monthly mortgage payment, closing costs ...
A home appraisal determines the value of a home before a lender approves a mortgage. Learn how appraisals affect your ability to buy or sell a home.
Focuses on the Web site from the National Association of Realtors that provides information the prices of properties in the U.S. Dependence of Web valuation sites on electronic databases; Assessment of the values of homes from public records; Benefits of a private appraisal....