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The question is, how exactly is property value determined? And how does the real estate appraisalprocess work? The following article delves into the “science” of residential and commercial real estate appraisal and discusses the steps to succeed. Understanding the Process for Appraising Residential Property.
As this property data collector thing moves along, there continues to be no legitimate reason for Fannie Mae’s motivation to push this so hard other than they want the valuation process fully automated and can pay $25 for an untrained inspector to view a home. It shows a fundamental lack of understanding of what appraisers do.
The real estate market is still hot and there are currently more buyers than homes available for sale. So far in this year's fall real estate market, home values continue to rise. Despite the super seller's market, appraisers are protecting the mortgage companies' interests. Big or small, repairs help increase home values.
Through this blog, we will guide you through the process of getting your house appraised in seven simple steps. From understanding what appraisals are, to prepare for one, we’ve covered everything you need to know. Read on to find out more, and ensure you get the bestvalue for your home. What is a Home Appraisal?
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