Appraisal Tips Buyers Renovations 
Boston Appraisal
NOVEMBER 6, 2020
Before you assume the appraiser made a mistake, let’s look at three reasons why a new appraisal could come in low. The home had been recently renovated and was in great condition. The appraisal at that time matched the purchase price. An appraisal measures that value range within the report. The Case File.
Birmingham Appraisal
JUNE 21, 2023
Size and Layout: The size and configuration of a property , including the number of bedrooms, bathrooms, square footage, and usable space, are critical appraisal factors. Condition: The overall condition of a property, including its structural integrity, maintenance, and any necessary repairs or renovations, affects its appraisal value.
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Birmingham Appraisal
AUGUST 30, 2023
If there are few recent sales in your area, it can be challenging to establish an accurate appraisal value. These are locations that a potential buyer would also look at and that would provide a similar alternative. Ignoring Appraiser Insights: During the appraisal, appraisers may ask questions about your home.
Birmingham Appraisal
AUGUST 23, 2022
It’s important to remember this because a comp is considered to be a similar but different alternative for a potential buyer. Buyers will take this into consideration when they make an offer on a house and they will factor in the cost to fix these items, which can make their offer lower.
Boston Appraisal
NOVEMBER 6, 2020
Before you assume the appraiser made a mistake, let’s look at three reasons why a new appraisal could come in low. The home had been recently renovated and was in great condition. The appraisal at that time matched the purchase price. An appraisal measures that value range within the report. He paid $475,000.
Birmingham Appraisal
DECEMBER 19, 2023
Mistakes Real Estate Agents Need to Steer Clear Of 1) Not providing an information packet to the appraiser – An information packet is the easiest thing to share with the appraiser. Most agents put together this information for potential buyers so why not share it with the appraiser?
AmeriMac
JUNE 30, 2024
Conducted by a licensed appraiser , the appraisal plays a critical role in the mortgage process by determining the loan amount your lender will offer. In this blog, we’ll cover home appraisal key components, the process, factors influencing values, and tips for buyers and sellers.
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