Remove HOA Remove Inspection Remove Market Value Remove Renovations
article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market.

Appraisal 105
article thumbnail

Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals.

Appraisal 126
article thumbnail

Important Mortgage Acronyms

Assurance Financial

If the house doesn’t pass inspection or the sale doesn’t go through due to an allowable contingency, the buyer gets the EMD back. FMV (Fair Market Value). A home’s fair market value or FMV is the price it would sell for under normal conditions. HOA (Homeowners Association). government.