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Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value. If you have any questions or concerns about the appraisalprocess, we recommend looking through our FAQ section , or contacting us by phone or email for assistance.
But first, it’s important to understand what is a land appraisal, how it is appraised, the real estate appraisalprocess, and what to expect. What is a Land Appraisal? Land appraisal is a process of assessing the land value and then developing an opinion of value. Environmental factors.
Approach to the appraisalprocess. Appraisal specializations. ” “I have a life long time in agriculture and worked at a title company, giving me a good understanding of legal descriptions and easements.” ” Related reading: 8 Characteristics of a Successful Real Estate Appraiser.
Mortgage lenders will almost always require a home appraisal when buyers apply for a loan, as lenders want to ensure the buyer isn’t overpaying for the home. Mortgage lenders do not want to lend more money for a home than the home is worth. The cleaner your home, the better impression you will have on the appraiser.
Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Vehicular access.
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