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Discover comprehensive, expert-led appraisals guaranteeing your peace of mind. From pre-listing evaluations to investment property appraisals, trust us to protect your home investment.
Expert Appraisals for Every Homeowner's Peace of Mind and Security.
Homeowners and real estate agents request this service before listing a property for sale. An accurate appraisal helps set a competitive listing price and justifies the asking price to potential buyers..
In divorce proceedings, an appraisal determines the fair market value of the marital home for asset division. A neutral, professional valuation helps prevent disputes between parties.
When a homeowner passes away, an appraisal is often required to establish the value of the property for estate settlement, probate, and tax purposes. This helps ensure equitable distribution among heirs
Real estate investors need property appraisals to assess rental income potential, market value, and overall investment viability. This helps with financing and making informed purchasing decisions.
Really detailed pre-listing and new construction appraisals. Delivered major insight in the market, definitely gave us the upper hand before finalizing our deal!
Home Appraiser's appraisals outperform others hands-down. Their detailed work on my new build and friendly prep for sale really set them apart. Absolutely worth it!
The investment appraisals from Home Appraiser keep things smooth. Quiet confidence knowing my homes are always accurately valued int he market. A sensible choice for any homeowner.
FAQs
Got Questions? Find Quick Answers About Home Appraisals Here!
What is a home appraisal, and why is it necessary?
A home appraisal is a professional assessment of a property's market value conducted by a licensed appraiser. It is necessary for mortgage lending, refinancing, home sales, divorce settlements, estate planning, and tax appeals. Lenders use appraisals to ensure the property's value aligns with the loan amount, reducing their financial risk.
How does an appraiser determine the value of a home?
Appraisers evaluate a home’s value based on several factors, including its location, size, condition, recent sales of comparable properties (comps), upgrades, and market trends. They also consider amenities like garages, pools, and finished basements.
How long does a home appraisal take?
The on-site inspection typically takes 30 minutes to a few hours, depending on the property’s size and complexity. The full appraisal report, including market research and property comparisons, usually takes 3 to 7 days to complete.
What can I do to increase my home’s appraised value?
Homeowners can improve their appraisal value by making minor repairs, enhancing curb appeal, updating outdated fixtures, keeping the home clean and decluttered, and providing a list of recent upgrades or renovations.
What if the appraisal is below the sale price or loan amount?
If an appraisal comes in lower than the sale price or loan amount, the buyer may need to renegotiate the price, make up the difference in cash, or the lender might deny the loan. The buyer can also request a second appraisal or challenge the appraisal with supporting data.
How is an appraisal different from a home inspection?
An appraisal determines a home’s market value, while a home inspection assesses its physical condition, identifying issues like plumbing, electrical, and structural problems. Appraisers consider general property condition but do not conduct in-depth inspections for repairs or defects.