Many people ask me, "what is done during a home appraisal?" Well there are a few things you need to understand about home appraisals and what to expect from the appraiser. This article explains what is done during a home appraisal and how to improve your appraisal.
If you are selling or buying a home you should always get an appraisal first. Most buyers will be required to get and appraisal if they are getting a loan. If you are a seller you can list your home for the correct price if you get an appraisal first. The number one reason a property doesn't sell is the price is too high. A professional appraiser will charge between $250 and $600.
The appraiser will come to your home and normally measure your property and house from the outside first. He will take some pictures and note the condition of the exterior of your home. He will then measure the inside of your home and take some more pictures. He will visit each room and note the upgrades your home may have. The entire process normally takes around two to three hours.
After the appraiser leaves he will start doing research on comparable sales in the area. He will try to find three other homes that are much like yours that have sold recently. He will then create a report that will give you a complete understanding of how the appraisal price was determined.
Selling or buying a home? Always get a professional appraisal first. You can also get an appraisal online at some of the free websites or from an experienced real estate agent.
By Max Suther
PressSearch.org
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