article thumbnail

Home Appraisal 101: Maximizing the Value of Your Home

Chicagoland Appraisal Blog

Naturally, even if you choose not to sell your house, you certainly want to maintain your investment and ensure that your home value doesn’t drop. Here, we’ll explore everything you need to know about home appraisals and how to maximize the value of your house. . What’s in a Home’s Value?

article thumbnail

When Should You Seek an Appraisal to Eliminate PMI?

East Coast Appraisal

Many agreements wait until the loan has reached 78 percent of the home's value to automatically cancel PMI. To remove it earlier, you'll need to have the house appraised and submit a formal request. When Home Prices Increase. Buying a home remains one of the best investments available today.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Birmingham Appraisal

A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale.

article thumbnail

7 Top Tips for a Great Home Appraisal: A Checklist to Prepare Your Property

PennyMac

Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready.

article thumbnail

8 Ways to Increase the Value of Your Home

D Fritz Appraisals

While these three factors are out of your control, there are still many things you can do to impress appraisers and list your house for top dollar. Before you go spending thousands of dollars in renovations, however, make sure you follow this advice from the outset. Every home is different.

article thumbnail

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.

Appraisal 106
article thumbnail

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. Touch up paint where it’s needed.

Appraisal 127