What is a Home Appraisal and How Much Does It Cost? A home appraisal is an essential determinant of a home’s fair market value. The process involves enlisting an appraiser who uses their skills and experience to assess a home and its property. Standardized valuation methods are then used to derive an estimate of value.
Things to Consider When Hiring an Appraiser A home appraisal is a necessary step when purchasing or selling a home as it provides an independent and unbiased assessment of a property’s value. However, real estate appraisal is a profession like any other. Some appraisers are efficient and knowledgeable, while others leave clients dissatisfied. It’s up
Upgrades That Will Add Value to Your Home Are you looking for ways to raise the appraised value of your home? The significant factors that help determine the worth of your home are its size, condition, property type, location, and the current state of the real estate market. While some of these factors may be
How Does a Home Appraisal Differ From a Home Inspection? Purchasing a home can be a tedious but rewarding endeavour. It can be a worthwhile investment if you seek guidance from the onset and follow some key steps. When it comes to your dream home, getting a residential appraisal and a home inspection are non-negotiable
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? 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 the courts. The
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
