www.real-estate-net.com http://www.real-estate-net.com Fri, 16 Sep 2011 00:00:00 +0000 en hourly 1 The Importance Of Appraising The Value Of Your Home http://www.real-estate-net.com/2011/09/16/the-importance-of-appraising-the-value-of-your-home/ http://www.real-estate-net.com/2011/09/16/the-importance-of-appraising-the-value-of-your-home/#comments Fri, 16 Sep 2011 00:00:00 +0000 admin http://www.real-estate-net.com/&p=10 A home appraisal is done when someone wants to find the market value. A lender will required one before loaning any money on the property. The appraisal will be the fair market value of the structure if it were to sell today. The lender will do an appraisal if the home is going to be refinanced. This is different then a CMA that a realtor does when they help decide how much to list the home for. Many times the two reports are close to the same number but the bank will only use the official appraisal document.

Many people get an appraisal if they are going to sell their home. They feel by doing this, they will be able to show potential buyers what a licensed appraiser says the value of the home is. They will also be able to show the bank that this is the amount they think their home is worth if they are applying for a loan. It cannot be accepted or used for the loan. The bank will often use an appraiser on their staff or one they choose to determine what they think the property is worth. The homeowners appraisal is only for their personal use. It is good information to have so they will be no surprises.

]]> http://www.real-estate-net.com/2011/09/16/the-importance-of-appraising-the-value-of-your-home/feed/ 0 How To Get An Assessment Of The Value Of Your Home? http://www.real-estate-net.com/2011/09/12/how-to-get-an-assessment-of-the-value-of-your-home/ http://www.real-estate-net.com/2011/09/12/how-to-get-an-assessment-of-the-value-of-your-home/#comments Mon, 12 Sep 2011 00:00:00 +0000 admin http://www.real-estate-net.com/&p=9 Getting 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

]]> http://www.real-estate-net.com/2011/09/12/how-to-get-an-assessment-of-the-value-of-your-home/feed/ 0 Top Tips Of Assessing The Value Of Your Home http://www.real-estate-net.com/2011/09/11/top-tips-of-assessing-the-value-of-your-home/ http://www.real-estate-net.com/2011/09/11/top-tips-of-assessing-the-value-of-your-home/#comments Sun, 11 Sep 2011 00:00:00 +0000 admin http://www.real-estate-net.com/&p=8 There are many things you can do to get extra value out of your home during an appraisal. The most important thing to do during an appraisal is to have your real estate agent present. Your real estate agent is specifically trained in subjects like this and is much more likely to address and take care of the concerns of the appraiser than you are. Also be sure all windows, railings, steps, and any other hazards in your house have been completely fixed before the appraiser comes into your home. Also make sure all appliances that are being left in the house are working and up to standards. Make sure you are there with the appraiser too. It is very important that as they walk through you let them know of any remodeling jobs your have performed on your home. This may or may not raise the value of the appraisal, but it is always best to let them know of these modifications you have made. Control your pets and children. If the appraiser is distracted by your kids or animals you are much more likely to get a lower assessed value. Make the inspection as least stressful as you possibly can.

]]> http://www.real-estate-net.com/2011/09/11/top-tips-of-assessing-the-value-of-your-home/feed/ 0 5 Top Home Appraisal Secret Explained In Detail http://www.real-estate-net.com/2011/09/10/5-top-home-appraisal-secret-explained-in-detail/ http://www.real-estate-net.com/2011/09/10/5-top-home-appraisal-secret-explained-in-detail/#comments Sat, 10 Sep 2011 00:00:00 +0000 admin http://www.real-estate-net.com/&p=7 If you are preparing to sell your home, you want to get the best possible value and more bang for your buck when it is time to find a new beginning. You need to start with an appraisal and know the ins and outs of promoting your home. One key point is to choose an appraiser for your home that gives you a price you are happy to accept. Opinions vary and that means make sure you get more than one before making a decision. Before you even have an appraisal, sit down and make a list of all of the improvements you have made to boost your home’s value. Next, freshen up and brighten your home with new paint, simple repairs, and a good cleaning for a neat appearance. Have a list of other homes in the neighborhood that are comparable to quote to your appraiser. Finally, prepare a welcome environment when your appraiser comes to call. Something just baked could give an inviting impression of your home and it can’t hurt to offer a refreshment to your appraiser. Don’t be offended if the person needs to move on his or her way. Now expect the best possible results.

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