Document Legal Lending Market Value 
Housing Wire
JUNE 11, 2021
A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. For example, an appraiser will check the condition of the walls, roof, floors and the structure’s overall integrity.
AmeriMac
MAY 15, 2024
Appraisals play a significant role in determining the fair market value of a property and ensuring a successful relocation. Unlike a traditional mortgage appraisal that determines the market value of a property, a relocation appraisal focuses on estimating the sales price through prospective analysis.
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Realvals
JUNE 18, 2023
The appraisal helps in establishing the loan-to-value (LTV) ratio. The LTV is a percentage that represents the amount of money to lend compared to the value of the home. ” ( source ) The only way to obtain legal ownership of the property is to go through the probate process.
Simonson Real Estate
JULY 10, 2020
The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc.
Simonson Real Estate
DECEMBER 6, 2022
Having worked with many different lending institutions completing new construction and planned renovation assignments, think of this article as a “best practices” reference to be shared with new lenders, credit analyst team members and borrowers navigating the commercial appraisal process for the first time.
Eppraisal
OCTOBER 23, 2023
Your offer will only become legally binding if the seller signs it. Once the document has signatures from both parties, do the following to see the agreement through: Deposit Earnest Money Pay an earnest deposit — 3% to 5% of the selling price — to show you’re serious about the purchase.
D Fritz Appraisals
MARCH 16, 2021
The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Copies of any previous appraisals – this can help the appraiser see how the value has changed over the years. This will help ensure a fair market value.
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