FOR SELLERS
- Free Market Analysis and In-Home
Presentation
- Service Directory (if you need any
repairs/maintenance)
- Comparison between your current home
and new destination (schools, crime, economy, etc.)
- Special Report "29 ESSENTIAL TIPS THAT
GET PROPERTY SOLD FAST AND FOR TOP DOLLAR"
FOR BUYERS
- Your personal "Home Book"
- Service Directory
- Comparison between your current home
and new destination (schools, crime, economy, etc.)
- Special report "HOW TO AVOID PAYING TOO
MUCH"
About Appraisals >Professional Appraisals
Before your mortgage application is approved, the lender will order a professional appraisal of the home to make sure that the agreed-upon selling price is justifiable based on the current market value of the property. The cost of the appraisal will be based on the complexity of the appraisal report and the time required to complete it.
A professional appraiser will choose the appraisal technique that is applicable to the particular property to arrive at an unbiased opinion of value. One approach is to look at comparable homes in the area that have sold within the last six months. If there are a number of similar properties that have sold recently, the appraiser's job is easy. It is more complicated to arrive at the appraised value if your home is located in a rural area or a diverse neighborhood.
The appraised value will usually be very close to the sale price. If the appraisal comes in lower, the real estate agent may be able to provide the appraisers with additional information on recent sales which will result in increased value.
|
| Q |
What is the most unusual maintenance project done once each year in the United States?
|
| A |
The Niagara Falls is shut down for maintenance every year in the fall by diverting the flow of water for 24 hours using a massive series of pipes constructed in 1837.
|
 See More Real Estate Trivia > |
|
|
|
- NUMBER1EXPERT™ 
