Lending & Financial Appraisal Topics

A homeowner sold the house for a high price after appraisal.

Appraisal Higher Than Purchase Price: What It Means

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 appraisal expert talking to her clients.

9 Most Common Reasons to Order a Property Appraisal

A property appraisal is an independent professional assessment that determines your home’s current fair market value. New York property owners need appraisals for nine

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Home appraisal being done by an expert.

9 Things To Know Before Your Home Appraisal

A home appraisal is a professional, unbiased evaluation of your property’s market value in New York. Licensed appraisers conduct this assessment to determine what

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Appraiser conducting residential property appraisal inspection

Is A Property Appraisal Required? What You Need to Know

Property appraisals are required in most financed real estate transactions, but are optional for cash purchases. Lenders mandate professional appraisals to verify that property

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Home appraiser writing down his observations.

5 Reasons To Get A Home Appraisal, Other Than When Buying

Home appraisals aren’t just for buying and selling property in New York. A home appraisal is an independent professional assessment that determines your property’s

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Appraiser explaining home appraisals

What Homeowners Need To Know About Home Appraisals

A home appraisal is a professional assessment that determines your property’s current market value for lending purposes. This evaluation becomes necessary when selling your

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appraising a residential house of a couple

The Importance of Residential Appraisals in Real Estate

When navigating the complex world of real estate transactions, one critical step often determines whether a deal succeeds or falls apart: the residential appraisal.

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Commercial property appraisal in progress with an agent checking the site.

Why You May Need A Commercial Property Appraisal

A commercial property appraisal is a professional evaluation that determines the market value of commercial real estate in New York, typically costing between several

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Real estate appraiser on-site for a home inspection.

The Role Of Real Estate Appraisers In New York’s Property Market

Real estate appraisers are state-licensed professionals who develop unbiased opinions of market value under USPAP (Uniform Standards of Professional Appraisal Practice), playing a critical

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Real estate appraiser visiting residential house

Top 5 Red Flags Appraisers Look For When Visiting Your Home

Appraisers identify five critical red flags that can significantly lower your home’s value: foundation and structural damage, outdated mechanical systems (HVAC, plumbing, electrical), deferred

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A person conducting a home appraisal

What Is The Process Of An Appraisal?

A home appraisal is a professional property valuation that determines your home’s fair market worth. Licensed appraisers conduct these evaluations to protect both buyers

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An image that portrays a lower price

Do Sellers Usually Lower Their Price After An Appraisal?

Yes, sellers frequently reduce prices when appraisals come in low, especially in balanced or buyer’s markets. However, their response depends on several key factors

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