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What You Need To Know About Appraisals

If you are buying a home and need a mortgage, the lender will require a property appraisal — comparing the sales price you have negotiated to other comparable homes that have sold in the area.If you are thinking of buying a new home or refinancing your home, you will also need an appraisal.Here are some things you need to know: Who Pays For the Appraisal? If the buyer of your home needs ...
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How To Make Your Home Appraise Higher

What Can You Do To Make Your Home Appraise Higher?If you are considering refinancing your current mortgage, the mortgage company usually (but not always) requires an appraisal. Here are some tips on how you can help your house appraise higher and show the true value of your home. Clean up the yard Appraisers are required to take pictures of the home. If you have stuff laying around the yar...
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Why There Is a Shortage of Real Estate Appraisers

Small House with Magnifying glass
Normally this is would be an article that we send out only to realtors to help them understand the mysterious third party that can make or break their deal, but after writing it we realized that this information can be useful for all sides of the transaction. For as long as we've been in the business we've found a reliable bunch of appraisers to work with that will usually get an appraisal to ...
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Preparing Your Home For A Property Appraisal

What is a home appraisal
You’ve sold your home.Or, you are thinking of refinancing your current mortgage.One of the things that the lender will require is a property appraisal. While the actual appraisal inspection make take only an hour or two, the appraiser must go back to the office, do the research and write a 10- to 12-page report.Here are some tips to help the appraiser with additional information — ...
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The Difference Between An Appraisal & Market Analysis

Appraisal versus Market Value
What is a comparative market analysis?A CMA is an evaluation of recently sold homes that are within the area or location of the home that may be bought or sold. It’s usually performed by a real estate agent who has access to homes listed for sale or homes that have sold through their local MLS (Multiple Listing Service). It is not an appraisal.What is an appraisal?It is an estimate of ...
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