The Types Of Values Sought With An Appraisal
A real estate appraisal develops an opinion on the value of a property. Most often, the use is to determine the market value of a home for a buyer and seller. However, because no two properties are alike and they may serve different needs such as a commercial space versus a home, there are different types of values sought with an appraisal. In order to determine what type of value you seek with your appraisal, take a look at some of the varying types. Some of the most common include: Market Value – This is the estimated value for which a property could exchange between a buyer
What Are The Benefits Of Appraisal Technology?
Technology has revolutionized the appraisal industry. Tools have changed the landscape of the appraisal process. The right appraisal technology saves time and make the process more efficient. Technology can help in a variety of ways. For example, the appraisal process involves an examination of public records. Appraisers used to go to courthouses or mayor's offices to obtain tax records pertinent the property. This would take a long time. Now, using laptops and smart phones, appraisers can access data at the speed of a click. There are other ways technology has helped the appraisal process. Here are a few more examples: Mapping For Comparables Appraisers often
5 Questions To Ask When Choosing The Real Estate Appraiser For Your Needs
Choosing a real estate appraiser is a vital step in the process of selling your home. So, what five questions can you ask your potential appraiser to make sure that you are choosing the best appraiser for your needs? An independent appraisal sets the value for your real estate property, so the professional real estate appraiser you choose should give an unbiased opinion based solely on the condition of your home and the comparative rates of other real estate properties nearby. There are some questions you can ask your potential appraiser to verify that they have the knowledge and credentials
