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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.

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Mastering How to Order a Home Appraisal Quickly

AmeriMac

This is because the appraisal helps the lender ensure that they are not lending more money than the home is worth. Some lenders, such as Fannie Mae, even allow for a property inspection waiver (PIW) in certain cases, making the appraisal process even quicker. Regular appraisals can aid in tracking your property’s worth.

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The Pros and Cons of Buying a House

PennyMac

Mortgage interest and property taxes may be tax deductible. Property taxes and HOA fees are the buyer’s responsibility. Buyer has full control over home improvements and upgrades. Homes frequently increase in value over the life of a mortgage. You Pay Property Taxes.