Appraisal & Consulting Services
Commonly Used Appraisal Terms
Facts About Residential Real Estate Appraisals
Facts About Residential Real Estate Appraisers
Fannie Mae FAQs
Myths and Realities
Reasons To Get An Appraisal
Home Improvements To Add Value
Purchase of a Home
Refinance or Get a Home Equity Loan
Selling A Home
Myths and Realities About Real Estate Appraisals and Appraisers
MYTH: Assessed value should equate to market value.
MYTH: The appraised value of a property will vary, depending upon whether the appraisal is conducted for the buyer or the seller.
MYTH: Market value should approximate replacement cost.
MYTH: Appraisers use a formula, such as a specific price per square foot, to figure out the value of a home.
MYTH: In a robust economy - when the sales prices of homes in a given area are reported to be rising by a particular percentage - the value of individual properties in the area can be expected to appreciate by that same percentage.
MYTH: You generally can tell what a property is worth simply by looking at the outside.
MYTH: Because consumers pay for appraisals when applying for loans to purchase or refinance real estate, they own their appraisal.
MYTH: Consumers need not be concerned with what is in the appraisal document so long as it satisfies the needs of their lending institution.
MYTH: Appraisers are hired only to estimate real estate property values in property sales involving mortgage-lending transactions.
MYTH: An Appraisal is the same as a home inspection.
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