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Don’t Fall for These Real Estate Appraisal Myths

Birmingham Appraisal

The bottom line is that if the contract price is in close alignment with the other approaches to value, especially the sales comparison approach, then this provides validation that it is a reliable indicator of market value for the property so the appraiser will reconcile the appraisal at the contract price.

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Home Improvement Cost vs. Value: Is Your Project Worth the Money?

PennyMac

Equity is the difference between your home's current market value and the amount you owe on your mortgage. A home upgrade that doesn’t fully pay for itself dollar-for-dollar in terms of increased home value may still boost your home’s overall market value, thereby increasing your equity.

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The Hybrid Appraisal: It’s Cheaper, but Does It Protect Homebuyers?

Realtor

In a traditional appraisal, an appraiser goes to a home and does a thorough walk-through, recording details like square footage, acreage, number of bedrooms and bathrooms, home improvements, and additions. The hybrid appraisal uses a form almost identical to the URAR, but the appraiser doesn’t go to the property.

Appraisal 107
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7 Common Questions Clients Have Before Selling Their Home

McKissock

Q: “What are methods to determine the value of my home?”. A Comparative Market Analysis (CMA) : An informal evaluation that determines the market value of a property by comparing it to similar properties in the same area. Q: “What factors can influence the value of my home?”. Home inspection fees.

Clients 84
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Home Appraisal 101: Maximizing the Value of Your Home

Chicagoland Appraisal Blog

Like any other investment, you want to know its value with some reliable degree of accuracy. A home appraisal is an unbiased opinion of a home or property’s value. Real estate professionals or other appraisal experts can help you determine the market value of your home. What Hurts a Home Appraisal?

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15 Reasons Your Home May Not Appraise for the Expected Value: Tips for Homeowners

Birmingham Appraisal

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

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Top 10 Benefits of Getting a Pre-Listing Appraisal Before Selling Your Home

Birmingham Appraisal

Set it too low, and you may lose out on the true value of your property. A pre-listing appraisal performed by a professional appraiser can provide you with an unbiased and accurate assessment of your home’s market value. They may have concerns about overpaying or doubts about the property’s condition.