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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer.

Appraisal 105
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7 Top Tips for a Great Home Appraisal: A Checklist to Prepare Your Property

PennyMac

The required in-person visit by a home appraiser can take over an hour, depending on the size of your home. However, several other steps are involved in making an unbiased and professional assessment of your home's value. An appraiser will also evaluate your home's foundation and its condition.

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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

Every year loan limits established for mortgage backers like Fannie Mae and Freddie Mac are reviewed and adjusted according to regional home values. I would say a buyer could ask for a “noise” discount when negotiating price but, sadly, the home went Pending Inspection within 16 days on the market.

Sellers 36