How Long Does a Home Appraisal Take? A home appraisal is a process used to estimate the fair market value of a property. Conducted by an appraiser, it is a crucial component of home sale/purchase transactions that involve mortgages and applications for mortgage refinancing. Home appraisals are usually a source of uncertainty and apprehension among
Splitting Property in a Divorce? Here’s Why You Need an Appraisal The division of property is a complex and inevitable part of divorce proceedings for couples who have assets. Property, whether real estate, stocks or debts must be appropriately classified (whether non-marital or marital), valued and equitably dispensed to the satisfaction of both spouses or
What Can Hurt a Home Appraisal? A home appraisal is the means by which a professional appraiser determines the worth or fair market value of a home. The value is important for home purchases, home sales and mortgage financing. A home valued on the wrong side of an appraisal (low versus high) can be problematic
Can You Challenge a Low Home Appraisal? Home appraisals are unbiased opinions of a home’s fair market value or worth. Prospective homebuyers and homeowners wishing to refinance an existing mortgage will need a home appraisal to finalize their transactions with a mortgage company. Sometimes a transaction is disrupted by a low appraisal, resulting in a
6 Significant Things About Commercial Real Estate Appraisals Business owners often need a commercial real estate appraisal for a variety of reasons, such as real estate sales and purchases, financing, property insurance, investment and marketing & listing purposes. But what is a commercial real estate appraisal? Also known as a property valuation, a commercial real
What Do Home Appraisers Look For In A House? A home appraiser is a professional tasked with estimating the market value of a house for a variety of purposes including real estate transactions, mortgage financing, estate, tax purposes, marketing listing purposes, and litigation. This task is especially important to mortgage lenders for the management of
Refinance Appraisal Vs. Purchase Appraisal A professional estimate of your home’s value can show the lender that you won’t be borrowing more money than the property is worth. Many homeowners are not aware that they will likely need a new appraisal before they can refinance their mortgage. Let’s go over some differences between a refinance
10 Things to Know About a Home Appraisal An appraiser may play one of the most important roles in the sale or purchase of a property. While a home inspector will look for issues in a home that a buyer should be aware of, an appraiser determines the dollar value of the home by looking
What to expect during an on-site Appraisal visit from Adlaw Appraisals
What is the difference between a Full Appraisal and a Drive-By Appraisal? April 24, 2020 We are often asked the difference between a drive-by appraisal and a full appraisal (with no interior inspection, using photos and data from the homeowner and/or realtor). Especially during this time when interior inspections cannot be conducted due to COVID-19,
