Effective Ways To Prepare Your Home for an Appraisal

When you’re selling a house, it’s not as simple as listing it on Facebook and waiting for buyers to come flocking to you. One of the most important steps you’ll need to take when selling your home is getting an appraisal. During a home appraisal, a certified, licensed professional will inspect your property and determine

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Appraiser organizations team up to combat bias

The Appraisal Institute said last week it’s partnering with organizations including the American Society of Appraisers, the American Society of Managers and Rural Appraisers and the Massachusetts Board of Real Estate Appraisers to support the development of new industry training that aims to eliminate unconscious bias in their evaluations of homes. “Acknowledging that bias exists

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Understanding the Home Appraisal Process

There are three types of home valuations: the Appraised Value, the Assessed Value, and the Market Value. Rarely are these three values the same. So it’s easy to confuse them when considering selling a home, obtaining a mortgage, refinancing, or contemplating the ongoing costs of ownership (such as taxes and insurance). Because of these differences,

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Why is it Important to Have Your Property Appraised?

The strange experience of having your home professionally appraised can be jarring to some people, but it is of incredible importance when you are considering placing your home on the market

A Current Home Appraisal May Surprise You

In the vocabulary of real estate, there are three terms that indicate a home’s valuation: the Appraised Value, the Assessed Value, and the Market Value. Rarely are these three values the same. So it’s easy to confuse them when considering selling a home, obtaining a mortgage, or contemplating ongoing costs of ownership (such as taxes

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Low Appraisals No Longer Causing Problems

Throughout the housing crisis, one of the biggest stumbling blocks faced by real estate agents, buyers and sellers alike has been the appraisal process. Would the appraised value be lower than the agreed sales price, and if so, how much lower would it be? It’s thought that thousands of potential transactions have been derailed due to lower-than-expected appraisals.

Is It Wise for Buyers to Waive the Appraisal Contingency?

Is it wise to waive the appraisal contingency as a buyer? The appraisal topic continues to cause agitation among many in the home buying process, but is the answer to eliminate it? Current markets operating in the present environment: appraisals operate with historic data; a conflict right out of the gate.

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