appraisals: Articles tagged with “appraisals”

Real estate appraising is the evaluation of property including the land, the dwellings and all the features on it. Although everyone knows it is necessary to appraise real estate to sell it, there can also be other reasons people would contact a real estate appraiser.

More and more homeowners are deciding that the best way to improve their lifestyles and their personal balance sheets at the same time is to invest in their single biggest asset: their home. Home improvements are not only a winning investment because they may increase property values, but also because they can help us enjoy life more in our own homes.

These items may assist your appraiser in providing a more accurate appraisal in less time:

Because much private, corporate, and public wealth lies in real estate, the determination of its value is essential to the economic well-being of society. An appraisal is not a guarantee of condition. An appraisal is used to determine the market value or fair market value of a property.

Protect Your Investment with a Professional House Inspection

Depending on the type of financing you choose, there should be either two or three separate inspections of the home you want to purchase. The first should be your own basic inspection (see the bottom of this page for what to look for), the second should be a professional whole-house inspection by a reputable person. Should you select a government loan (FHA or VA), the third inspection should come at the time of the appraisal, which to some degree amounts to a "mini-inspection." Do not, however, rely on this appraisal as your only inspection of the property!

Understand Real Estate Definitions!