Day: July 4, 2024

The Difference Between Appraisal Value And Market Value

Appraised value is a professional estimate of a property’s worth determined by a licensed appraiser for financing purposes, while market value is the actual price a buyer is willing to pay in current market conditions. These two values often differ and understanding their distinction is crucial for successful real estate transactions. Appraised value is determined […]

How To Choose The Right Home Appraiser For Your Property?

A home appraisal is a professional evaluation of your property’s market value conducted by a licensed appraiser, essential for mortgages, refinancing, divorce settlements, and property tax disputes. The process typically takes 1-2 hours on-site with reports delivered within 3-7 days, and choosing the right appraiser ensures you receive an accurate, unbiased valuation that protects your […]

What Do Home Appraisers Consider When Determining Home Value?

A home appraisal is a professional, unbiased assessment of your property’s market value required for mortgage financing, refinancing, and real estate transactions. Home appraisers conduct thorough inspections that typically take 1-3 hours, examining both interior and exterior features to determine fair market value. Inside the home, appraisers evaluate: Outside the home, appraisers assess: Items that […]