When you borrow money to buy a house, the money lender requires an appraisal – a neutral expert’s estimation of the home’s fair market value. The appraiser considers many factors, including the prices of comparable homes that have been sold recently as well as the condition, size and amenities of the property being appraised. The lender [...]
Sinking home values are often lowering appraisals as well. If you are considering refinancing your home, what do you need to know about the appraisal process to help ensure that you get the best possible appraisal on your home? Because your appraisal is used to evaluate how much your home is worth and sets the [...]
Title Insurance, Appraisal and Homeowner’s Insurance. These are very confusing areas of a real estate transaction. Some people can get confused, but that’s easy to understand when you consider that they have little knowledge or guidance concerning real estate transactions. Title Insurance When you buy a home, a title company examines the chain of titles [...]
Most home buyers take advantage of the home appraisal when they buy a new home, however, others toss the notion aside, especially when the market is hot, and that’s not a very wise decision when putting so much into something so valuable. If you’re looking to use mortgage financing, it’s hard to overlook an appraisal. [...]
We live in a busy world and this can be seen in the way many buyers approach their house hunting. The internet is often one of their first stops, searching through the MLS. Once they find a home that appeals to them they will view the photos, perhaps even check out the area using Google [...]
