Understanding how appraisals work will help you achieve a quick and profitable refinance or sale. When you refinance or sell your home, the lender involved will insist that an appraisal be performed. An appraisal is the process of valuing real property and is simply an opinion of the market value of your home based on […]
How do you make the most of your home appraisal? Appraisal preparation is straightforward – most of the value of your home is already set and there isn’t much you can do at the last minute to improve the outcome. Three Quick Home Appraisal Tips: Declutter so the appraiser can SEE your home. Make sure […]
FHA Appraisal Guidelines provide direction for FHA Appraisers When determining whether or not a property meets the criteria for an FHA loan, FHA Appraisers must adhere to the FHA Appraisal Guidelines. This document also serves to provide the FHA repair guidelines, which can help the seller of a home that is going to a buyer […]
Thinking of buying or selling a home? Even when both sides agree on a price, the deal could fall apart thanks to an under-appraisal. Short appraisals typically arise in a declining housing market because the lack of recent comparable area homes sales, or “comps,” making it difficult for appraisers to determine the current market value […]
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