Home Appraisals Online

Written by Laurie Nichol
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A property appraisal is a powerful bargaining tool in real estate matters. It estimates the fair market value of the property in question by assessing multiple factors, such as local housing sales, home condition, market fluctuations, and more. Depending on how an appraisal is done, the pricing and details can vary widely.

Different Methods of Obtaining a Home Value Estimate

You have the option of hiring a licensed appraiser to come in person to your property, or to have one done through an appraisal company's website. There are pros and cons to each method that you may wish to take into consideration. All legitimate real estate appraisals follow a similar scheme and set of facts, but they do vary in small ways.

Getting a home appraisal from a licensed appraiser who comes to your property in person can cost you anywhere from $250 to $500 or more. The only difference in quality of appraisal is that he or she is able to see, in person, the condition of your property. Otherwise, a very similar report is tendered back to you, whether from an appraiser or from an online appraisal service.

Timewise, you can get your appraisal almost immediately through an online company. This is because your information is automatically fed into their computers, which are linked to various national databases and up to the minute statistics archives.

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