Remove Appraisal Process Remove Finance Remove Property Taxes Remove Renovations
article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

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. Mortgage financing and refinancing. Reviewing / appealing property tax assessment. Property division in separation / divorce.

Appraisal 105
article thumbnail

Mastering How to Order a Home Appraisal Quickly

AmeriMac

Understanding Home Appraisals A home appraisal is an official estimate of the fair market value of a home conducted by a licensed and impartial professional appraiser. The appraisal process involves gathering information about the home, the surrounding neighborhood, and recent nearby sales to determine the home’s value.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Desktop appraisal option to start in March

Housing Wire

To be eligible for a desktop appraisal, according to Fannie Mae , the loan must be a purchase transaction, secured by a one-unit principal residence and have a loan-to-value ratio of no more than 90%. FHFA suggested that hybrid appraisals could also speed up the appraisal process and reduce costs.

Appraisal 417
article thumbnail

Is Property Appraisal an Art or a Science?

AmeriMac

Some scientific factors that may come into play when it comes to an appraisal include: the square footage of the home or building. recent sale prices of nearby and similar properties (“comps”). recent property tax valuations. the amount of the requested financing. The Art of Property Appraisals.

article thumbnail

Is Property Appraisal an Art or a Science?

AmeriMac

Some scientific factors that may come into play when it comes to an appraisal include: the square footage of the home or building. recent sale prices of nearby and similar properties (“comps”). recent property tax valuations. the amount of the requested financing. The Art of Property Appraisals.

article thumbnail

Is Property Appraisal an Art or a Science?

AmeriMac

Some scientific factors that may come into play when it comes to an appraisal include: the square footage of the home or building. recent sale prices of nearby and similar properties (“comps”). recent property tax valuations. the amount of the requested financing. The Art of Property Appraisals.

article thumbnail

26 Reasons to Get an Appraisal

Realvals

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Beyond these most common scenarios, appraisals have numerous other use cases. Estate planning, property tax appeals, divorces, and gifting, are some of the many others.

Appraisal 145