Lending & Financial Appraisal Topics

Property evaluators examine four primary categories when assessing your home: physical condition, improvements, location, and site characteristics. These comprehensive evaluations determine your property’s market

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Roof condition significantly impacts property appraisals and can reduce home values by thousands of dollars. Appraisers examine roofs for missing shingles, water damage, granule

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Yes, buyers can legally walk away after a home appraisal if certain contract conditions exist. When a property appraises below the purchase price, buyers

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Yes, appraisers look in every room during a property evaluation. Professional appraisers conduct comprehensive room-by-room inspections, photographing all interior spaces, exterior areas, and structural

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Most property appraisals remain valid for 90 to 180 days, depending on your loan type and market conditions. Working with experienced real estate appraisers

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An appraisal higher than purchase price means you’re buying a New York home for less than its actual market value. This creates instant equity,

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Property appraisals can make or break your mortgage approval in New York City’s competitive real estate market. When buying a home, the appraisal process

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The time from home appraisal to closing typically takes 30-45 days in a smooth transaction. However, if the appraisal reveals issues requiring repairs or

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Bank appraisals and real estate appraisals differ primarily in purpose, scope, and flexibility. Bank appraisals are lender-required property valuations for mortgage loans that follow

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