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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Home appraisals are not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans. Renovation loan assessments.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value. The CMA (Comparative Market Analysis) from your Realtor – review this document to see if you know of any homes that were renovated after purchase. Remove any outdated décor.

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9 Things to Know BEFORE Your Home Appraisal

Raleigh Realty

If minimal water damage appears on your appraisal report, you may be able to repair the problem on your own to put the buyer at ease. If that happens, your real estate agent will have to negotiate with the seller to see if they will bring their sale price down to $350,000.

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