Arizona Real Estate Appraisals

Written by Jeremy Horelick
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Those who conduct Arizona real estate appraisals are rarely short on work. The Greater Phoenix area is one of the fastest-growing in all of the country, meaning that realtors, investors, developers, and appraisers are all in steady supply. Even though the market has tapered off in certain regions such as North Scottsdale, expansion continues in many of the western towns such as Buckeye and southern areas like Chandler.

Residents in any of these expanding areas look to Arizona real estate appraisals to satisfy the conditions of their lenders. That's not to say that appraisers aren't being kept busy in the already established areas of the Valley such as Phoenix, Scottsdale, Mesa, and Tempe. Rather, it's meant to suggest that those looking to get into the field of appraising might explore their options in these boomtowns, not the glutted regions of central and northern Phoenix.

What Arizona Real Estate Appraisals Will Tell You

Your Arizona real estate appraisals will tell you more or less what you can expect to receive or pay for a house, depending on which side of the transaction you're on. As development is so brisk in the area, property values are even more susceptible to dips and rises on a daily basis than they are elsewhere. Thus, timing the sale or purchase of your real estate can be key.

An appraisal will also tell you what sort of tax burden you can expect to shoulder if you're a homeowner in the area. There's no way to escape paying residential taxes, so while you might hope for a high appraisal when selling your home, you must also hedge against onerous property fees. While higher taxes are small price to pay for a more valuable investment, they can't be written off altogether.

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