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A man doing a home appraisal report

What Is Typically Included In A Home Appraisal Report?

A home appraisal report contains a comprehensive property evaluation using three primary valuation methods: sales comparison approach (comparing 3-4 similar sold properties), cost approach

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Home appraisal in real estate market

Why Is A Home Appraisal Important In The Real Estate Market?

A home appraisal is essential for real estate transactions because it provides an objective, professional evaluation of property value that protects buyers from overpaying,

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A paper house labeled "House for Sale," pinned with a red pushpin on a wooden board

Why Would Someone Get A House Appraised?

Home appraisals are required for mortgage approvals, refinancing, and home equity loans, with homeowners ordering them for nine primary reasons: buying or selling property,

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How a Home Appraisal Influences the Selling Price

How Does A Home Appraisal Influence The Selling Price?

A home appraisal directly impacts a property’s selling price by providing an unbiased professional valuation that influences negotiations, financing approval, and market confidence. When

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Costs of a Home Appraisal in New York State

How Much Does A Home Appraisal Cost In New York State?

A home appraisal in New York State costs approximately $625 for single-family homes, though prices vary based on property type, size, and complexity. Traditional

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Conducting a Home Appraisal

How Soon After A Home Inspection Is A Home Appraisal?

A home appraisal typically occurs 1-2 weeks after the home inspection is completed. This timeline can vary based on lender processing speed, appraiser availability,

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Homeowners Preparing for a Home Appraisal

How Do You Prepare For A Home Appraisal Effectively?

To prepare for a home appraisal, gather essential documents (property deed, tax bills, improvement receipts), make minor repairs, clean and declutter your home, improve

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A miniature house with small wooden cubes beside it.

What If Your Home Appraisal Comes In Too High Or Too Low?

When a home appraisal doesn’t match the offer price, buyers have four main options: (1) pay the difference out of pocket, (2) negotiate with

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An appraiser conducting a home appraisal.

When Can A Mortgage Close After The Home Appraisal?

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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Steps for Due Diligence in Commercial Real Estate

Importance Of Due Diligence In Commercial Real Estate Transactions

Due diligence in NYC commercial real estate transactions is a comprehensive evaluation process that typically spans 30-60 days and includes three critical components: physical

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How To Negotiate Real Estate Price

How To Negotiate Real Estate Price

House price negotiation is the process of discussing and adjusting the asking price and terms when buying a home, which is not only possible

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Best Ways To Value An Apartment Accurately

The Best Ways To Value An Apartment Accurately

Apartment building valuation is the process of determining a multi-unit property’s market worth using professional appraisal methods that analyze income potential, comparable sales, and

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