Several factors can negatively affect a home appraisal, potentially lowering the property’s assessed value: Location Issues: Homes located in areas with high crime rates, poorly rated schools, or declining market
An appraisal in real estate is an objective assessment of a property’s fair market value, carried out by a licensed or certified appraiser. This process is usually required during buying,
The three main types of appraisals, particularly in real estate and asset valuation, are: Sales Comparison Approach (Market Approach)This method compares the property or asset being appraised to similar properties
When interacting with a real estate appraiser, it’s important to avoid statements or questions that could be interpreted as attempts to influence the appraisal outcome. Saying the wrong thing can
When a home appraiser visits your property, you might wonder whether you should accompany them during their inspection. Here’s what you need to know: Typical Practice Appraisers usually conduct the
You can get a house appraised for free through several methods, though it’s important to distinguish between a formal appraisal (required by lenders and conducted by licensed appraisers, which usually
A real estate appraiser is a licensed professional who provides an independent, unbiased estimate of a property’s market value. Their work is essential in various real estate transactions and financial
On-Site Visit Duration Standard homes: The physical inspection by an appraiser typically takes 30 minutes to 1 hour for most properties. Larger or more complex homes may require up to
