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How Much Is Your Home Worth? The Intricacies of Determining Property Value

Realtor

But the truth is, what determines property value isn’t always a one-size-fits-all number. Instead, property value is determined by everything from the year your home was built to its proximity to transportation to the number of bedrooms. So here are the little-known facts that go into determining property value.

Sellers 123
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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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Home Appraisals – What Do They Look For?

D Fritz Appraisals

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. They are also used to assess the value of the home for home improvement loans and insurance evaluations. What is a Home Appraisal and Why is it Important?

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10 Ways to Financially Benefit From Your Home

PennyMac

Equity is the difference between the market value of your home and the amount you owe on your mortgage. Once you've accumulated enough home equity, you can tap into it for various needs like home renovations, debt consolidation or other expenses. But don’t treat a cash-out refinance or home equity loan like an ATM.