article thumbnail

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.

article thumbnail

The Necessity of a Commercial Engagement Letter

Dart Appraisal

Planned renovations? Will the appraiser possibly be required to testify in court? . Our commercial engagement letter is very comprehensive and has been successful for our clients and the appraisers. Uniform Standards of Professional Appraisal Practice and Value Approaches. Features & Impact on Commercial Appraisals.

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

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.

article thumbnail

Home Appraisal 101: Maximizing the Value of Your Home

Chicagoland Appraisal Blog

And that means you can actually impact your home’s value by making renovations that are likely to increase its marketability and value in the real estate market. . The Value of a Home Appraisal. What Hurts a Home Appraisal? Various factors can hurt your home’s appraisal. Overly personalized renovations.

article thumbnail

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?

article thumbnail

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

Birmingham Appraisal

Extensive renovations to the home, especially to the kitchen and bathrooms, has a huge impact on the sale price. The post 6 Things To Consider When Comparing Your Home To Recent Neighborhood Sales appeared first on Birmingham Appraisal Blog. Related posts: Five things you must do after getting your appraisal.

article thumbnail

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. He paid $475,000.