Remove Home Improvement Remove Inspection Remove Market Value Remove Training
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 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
article thumbnail

Zillow Estimates vs. Appraisals: Why Zillow Shouldn’t Be Used for Appraisals

AmeriMac

At its core, a home appraisal is a process wherein a trained, licensed professional will come to a home and make a determination of its fair market value. They’ll physically inspect the property and look at a wide range of different characteristics. What Is an Appraisal?

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

PennyMac

But first, let’s quickly cover the basics of home appraisals. What Is a Home Appraisal and Why Is It Important? A home appraisal is an unbiased report on the value of your home performed by a trained and state-licensed individual. An appraiser will also evaluate your home's foundation and its condition.

article thumbnail

The Hybrid Appraisal: It’s Cheaper, but Does It Protect Homebuyers?

Realtor

In a traditional appraisal, an appraiser goes to a home and does a thorough walk-through, recording details like square footage, acreage, number of bedrooms and bathrooms, home improvements, and additions. The hybrid appraisal uses a form almost identical to the URAR, but the appraiser doesn’t go to the property.

Appraisal 107
article thumbnail

Is an Appraisal Required for a Home Equity Loan?

AmeriMac

By far, equity is one of the most important ways to preserve someone’s wealth because in theory, a home should always appreciate in value over time. Therefore, as the fair market value of the home goes up while the amount remaining on the mortgage goes down, equity continues to build over the years.

article thumbnail

Is an Appraisal Required for a Home Equity Loan?

AmeriMac

By far, equity is one of the most important ways to preserve someone’s wealth because in theory, a home should always appreciate in value over time. Therefore, as the fair market value of the home goes up while the amount remaining on the mortgage goes down, equity continues to build over the years.