When selling or refinancing your home, the right appraisal may put more money in your pocket. An appraisal by a licensed appraiser provides an estimate of the market value of your home. Accordingly, getting your home appraised for its maximum value will enable you to get or apply the most e...
How to get an accurate appraisal of what your home is really worthEllen James Martin
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.
An appraisal is performed by a licensed appraiser and places a value on a home that is used by a lender to determine how much money they will lend for a sale or refinance. Getting a house ready to be appraised is very easy if routine maintenance has been done on the home. Anything tha...
Refinancing often requires a home appraisal to determine the current value. A borrower’s credit score and current debt load are also factors in being able to refinance. An appraisal will be used even when granting mortgages for a home equity line of credit (HELOC). A lender wants to know ...
A“home appraisal” is a comprehensive report that determines the value of your property based on a number of factors, ranging from gross living space, to the view and the year a property was built. If you plan on purchasing a new home with a mortgage or refinancing your current loan (or...
Getting an appraisal can be stressful, which is understandable. The value your home is appraised for will be a primary factor in how much money you can get. A low appraisal can mean a lower selling price—not ideal when you want to make as much money as possible from your sale. ...
A professional appraisal is an essential part of determining your loan-to-value ratio. If an on-site appraisal is needed, your lender will arrange for a certified appraiser to come to your home and estimate its value.Learn more about the home appraisal process ...
Get the home appraised.A professionalhome appraisalis often required for mortgage approval. It considers factors like “curb appeal,” location and amenities. It isn’t an official determinant of fair market value, but it’s a good starting point in assessing how much the home may be worth. ...
The appraiser considers several factors to estimate the value of your home, including the location, square footage, age, number of bedrooms and bathrooms, size of the land, and overall condition. Some of thefactors that affect your home appraisal valueare out of your control, such as current ...