Real Estate Appraisals

Written by Laurie Nichol
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Whether you are a broker, a buyer, or a seller, having property appraised is key to making your decisions. Real estate appraisals are indispensable when setting or evaluating pricing and future values. Getting to know a little more about the appraisal process will give you the confidence you'll need to begin the process.

What You Need To Know About Real Estate Appraisals

You don't need to be a homeowner to order a property appraised. Getting an appraisal is, in fact, a great way to compare and contrast various homes, for any reason. Banks and credit agencies also find reliable appraisals to be important in their decision making.

The information in home appraisal reports comes from various sources. Most of it is gleaned from public records at local, state, and federal levels. This is then synthesized with facts about the market trends, at general and local levels.

You need to be aware that real estate appraisals can be extremely expensive. Unless, that is, you have them done through online companies. As there is little need for an appraiser to come to your home in person, you are saving hundreds of dollars by choosing this method.

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