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Understanding Appraisal Factors That Impact Home Sales: Insights for Real Estate Agents

Birmingham Appraisal

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Real estate agents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. Here are some valuable insights and tips: 1.

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

Birmingham Appraisal

Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale. However, it’s not uncommon for homeowners to be disappointed when the appraisal value doesn’t match their expectations.

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7 Mistakes Real Estate Agents Should Avoid

Birmingham Appraisal

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?

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3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

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.

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6 Things To Consider When Comparing Your Home To Recent Neighborhood Sales

Birmingham Appraisal

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.

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How to Build Equity in Your Home

Chicagoland Appraisal Blog

Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity. What’s more, a proper appraisal will identify and should apply the costs associated with these upgrades in the appraisal of the home.