Remove Inspection Remove Market Value Remove Renovations Remove Training
article thumbnail

Real Estate Owned Appraisals: The Ultimate Guide

AmeriMac

We will also discuss what happens if an REO appraisal is low and how it impacts property value. Lastly, we will compare REO appraisals to home inspections and answer whether they are mandatory for all property transactions. Being prepared for the appraisal value and seeking advice from a real estate agent can be beneficial.

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
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

A home appraisal is an unbiased report on the value of your home performed by a trained and state-licensed individual. For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property. Home improvements and renovations.

article thumbnail

Decoding a Commercial Appraisal: Insider Insights

AmeriMac

The appraisal serves as a critical factor in determining the loan amount or investment potential, ensuring that the transaction aligns with fair market value. It begins with an inspection of the subject property, where the licensed commercial real estate appraiser assesses the condition, size, and features of the property.

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.