Homes Appraiser » What

What Factors Determine A Home’s Value When It Is Appaised?

Rob — Sun, 17 Jan 2010 12:09:15 +0000

Attempting to buy a relative’s home ~ but the home & property (5acres) was appraised for $30,000. less than the asking price.
Relative was upset, because the house was appraised 5yrs ago at $10,000. OVER the current appraisal value ~ and that number was for the house alone, didn’t include the value of the land it is sitting on.
Although the appraisal is lower than the original asking price, due to circumstances (which are too complicated to go into here) it would have been better for all parties if the appraisal was not so low.
Has anyone had this experience? The realtor stated that part of the problem is that property in this area is not selling well ~ but does that play a huge factor in the value of a home?
Also, the home is older, being sold “as is” & does need some maintenence~ but there are new homes nearby on 1/4 acre lots being sold for 1.5 times the amount this house was just appraised for. Does age/condition of the home matter that much?

What Comes First A Home Inspection Or A Home Appraisal When Buying A Home??

Rob — Wed, 13 Jan 2010 11:55:59 +0000

I am buying a house and my mortgage broker told me that he ordered an appraisal on the property before i got my inspection(that turned out to show water damage).Is this right?It just seems to me the you would want to find out if the property is ok before ordering an appraisal.Oh and yes i got a copy of the appraisal if you are wondering.

What Actions Can Be Taken When An Appraiser Uses Strictly Foreclosed Properties To Come Up With My Home Value?

Rob — Mon, 28 Dec 2009 11:54:40 +0000

I HAD MY HOUSE APPRAISED AND WAS LET DOWN DUE REPOS WERE USED 4 OF 6 COMPS AS IF THEY WERE SOUGHT, RECENT SALES OF HOMES SHOWS 80% OF VALUE IGNORED,JUST IRRATATED NOT LOSING MY HOME!OR BEHIND

What Constitutes A Home Appraisal?

Rob — Wed, 16 Dec 2009 12:01:53 +0000

I am looking into getting an appraisal and would like to what what to consentrate on before the apprasier gets to my house.

What Info Is Needed To Successfully Challenge A Home’s Reassessed Value?

Rob — Tue, 08 Dec 2009 12:17:12 +0000

Our town recently reassesed home values. Mine went up almost 70%. I can challenge the revaluation, but I need to know what will help in reducing this.

What Percentage Of My Home Value Should I Invest In An Outdoor Living Area?

Rob — Mon, 23 Nov 2009 12:06:11 +0000

We recently received an estimate on an outdoor living area which totaled 15% of our homes value. Included concrete work, pergola, and outdoor kitchen (inexpensive grill I might add). This seems a little high to me. Also, what type of return do you typically see on outdoor living areas…We don’t plan on moving anytime soon but want to know.

What Can I Expect During A Home Appraisal For A Refinance?

Rob — Wed, 11 Nov 2009 11:53:08 +0000

We’re refinancing the 1st on our house and having an appraisal done. What happens during this process? Should I do something to prepare for it?

What Is The Average Price For A Non Transaction Home Appraisal?

Rob — Wed, 04 Nov 2009 12:01:48 +0000

I am interested in knowing what my house is worth, but am not looking to sell right now.
Is there a different price for this than would be for an appraisal to sell?

What Is A Home Appraisal, And How Does The Bank Conduct It?

Rob — Wed, 21 Oct 2009 11:59:13 +0000

I just bought a house and my realtor told me, the bank needs to appraise the home, before they can complete the loan. What does this mean?

What Is A Reasonable Price For An In-home Art Appraisal?

Rob — Wed, 16 Sep 2009 12:22:09 +0000

I have a Peter Max mixed media that I would like to have appraised. Has anyone had an in-home art appraisal done, and what did you pay? Thanks.