Remove Inspection Remove Market Value Remove Renovations Remove Transportation
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
article thumbnail

Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. Public transport locations.

Appraisal 126
Insiders

Sign Up for our Newsletter

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

article thumbnail

Understanding Appraisal Factors That Impact Home Sales: Insights for Real Estate Agents

Birmingham Appraisal

Appraisals provide an objective assessment of a property’s worth, ensuring accurate market value and facilitating successful transactions. Factors Considered by Appraisers When determining the value of a property, appraisers consider several crucial factors. These include: 1.

article thumbnail

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

PennyMac

For most loans, the lender obtains a signed and completed appraisal report that accurately reflects the market value, condition and marketability of the property. They must take into account all factors that influence a home’s value when developing the market value opinion in the appraisal report.

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

Eleven Types of Risk in Commercial Real Estate

Property Metrics

A liquid asset is one that can be sold immediately at market value. If an owner had to sell a piece of real estate by the end of the day, chances are that it would be for a price far below market value. The degree of illiquidity varies according to location, property type, and market cycle. Space Market Risk.