How To Get An Assessment Of The Value Of Your Home?
Posted by admin under: Uncategorized Sep 12Getting an assessment on your home is very easy. There are appraisal companies that provide this service everyday. A professional appraiser is licensed in the state where their business is and they not only provide this service for banks and lenders, property owners can hire them also. The cost is around 500 in most areas but can vary from state to state. The appraiser will provide a detailed report of what the fair market value of the property is today.
This is different then the report a realtor will do when they suggest a selling price for a piece of property. That is called a CMA. Although they use many of the same methods to determine the value of the home only the appraisal is official. Often the CMA and appraisal will be close to the same number. They do the appraisal by comparing properties in the area that have sold in the past six months. Square footage and age will be the two biggest factors. Of course they have several other things they consider and will factor them in, when determining the value. In today-s market it is a good idea for homeowners to have a recent appraisal if they are thinking about selling their home
Monday, September 12th, 2011 at 12:00 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.