Appraisal
Thousands of homeowners initially misprice their home to only discover this valuable piece of information when it’s too late. We call this “missing the market”. Homes that sit on the market for a time period greater than 6 months have more than likely “missed” the most opportune time to sell their property because it was overpriced to start with. In today’s market even the savviest buyers will simply refuse to make offers on properties that they feel are overpriced in fear of insulting the homeowner.
This is a key step in the Certification process since it enables the Seller to make informed decisions about how they should properly market their home.
It’s the Appraisers primary duty and profession to solely determine the value of Real Estate. Most Real Estate Professional would also agree that their job is to market and sell homes, not determine the price. After all, that’s why banks require the assistance of licensed appraisers when it comes time for financing.
Certified Appraisers are local, non-biased, licensed professionals that are recognized by most lending institutions including Fannie Mae (FNMA) and Freddie Mac (FHLMC) which is crucial when a borrower is seeking financing options for the home.
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What’s the process you ask?
Once the order has been completed a Certified Appraiser will be in touch with the homeowner within24-48 hours so an appointment can be made for the appraiser to come to the home and inspect and take measurements of the property. The Appraiser will then take the findings and research other similar homes in the area taking into consideration pro’s and con’s of the comparables in order to determine the range of value.
A completed report will be generated within a week of the physical inspection of the property.
Click on house to view an example of a Certified Appraisal.
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