Do Sellers Usually Pay For The Appraisal?
No, sellers do not usually pay for the appraisal. In the vast majority of real estate transactions, the buyer is responsible for paying the appraisal fee. Standard Practice The buyer typically pays for the home appraisal because they are the ones who need the mortgage loan, and the appraisal is required by their lender to […]
How To Get A House Appraised For Free?
Getting a house appraised for free typically means obtaining an estimate of your home’s value rather than a formal, legally recognized appraisal. Here are the main ways to get a free home value assessment: Free Home Appraisal Options 1. Online Home Value Estimators (Automated Valuation Models) 2. Comparative Market Analysis (CMA) from a Real Estate […]
What Negatively Affects A Home Appraisal?
Several factors can negatively affect a home appraisal, potentially lowering the market value assigned to your property. Below are the most common and impactful considerations: Key Factors That Negatively Affect a Home Appraisal Location Issues Property Condition and Maintenance Curb Appeal and Cleanliness Home Features and Layout Comparable Sales and Market Factors Other Surprising Factors […]
What Not To Say To An Appraiser?
Certainly! When working with an appraiser—whether for real estate, personal property, or another type of valuation—there are certain things you should avoid saying to ensure the process remains professional, accurate, and unbiased. Here are key things not to say to an appraiser: 1. Don’t Suggest a Target Value Example:“We’re hoping it’ll appraise for at least […]
What Happens In A Real Estate Appraisal?
A real estate appraisal is an objective, professional assessment conducted by a licensed or certified appraiser to determine the fair market value of a property. This process is most commonly required by lenders during mortgage or refinance transactions to ensure the property serves as adequate collateral for the loan. Key Steps in the Appraisal Process […]