Whether you’re a real estate market newcomer or a seasoned pro, this article will help you answer the question: What is appraised value in real estate? Explaining its definition, the purpose behind it, and its critical importance in determining how much a property is worth in the eyes of lenders, buyers, and sellers. So without further ado, let’s dive in! What Is Appraised Value in Real Estate? The appraised value is the estimated market value of a property as determined by a professional appraiser through a detailed appraisal process.  A key phrase in market value is considering “the mo ..read more

If you don’t know the market value of your home and you’re wondering how accurate are property appraisals? This blog post is for you. Whether you’re a buyer, seller, or lender, a real estate appraisal is crucial for any transaction. But with human judgment at play, fluctuating market conditions, and a myriad of unique property features to consider, can we truly rely on these valuations to reflect the real worth of a property?  Well, today we’re explaining how property appraisers make sure their appraisals are accurate? We'll peel back the layers of the appraisal process, exploring the fa ..read more

Diving into a real estate transaction, whether you're eyeing that dream home or preparing to sell your property, brings its fair share of questions, including: "Who schedules the appraisal in a real estate transaction?"  In this blog post, we’ll dive into who orders the appraisal in a real estate transaction and why their role is critical for a smooth and fair transaction. From lenders protecting their investments to buyers and sellers safeguarding their interests, we'll explore the dynamics at play, ensuring you're well-equipped with the knowledge to navigate your next real estate adven ..read more

Before answering the question “what is a real estate appraisal report?”, let’s start with the basics. It’s crucial to understand what this document includes and why it's a game-changer in real estate transactions. It doesn’t just put a price on a home; it offers a thorough breakdown of its value, influenced by meticulous analysis and market trends.  Today we’re giving you all the information you need to answer the question “what is an appraisal report for real estate?”. So, without further ado, let’s dive in! The Purpose of an Appraisal Report At its core, the appraisal report is all abo ..read more

One of the most common questions from homeowners and buyers alike is, "How long does a real estate appraisal take?" In this blog post, we'll dive into the various stages of the appraisal process, explore factors that can affect its duration, and offer insights to help you prepare for an efficient and timely appraisal.  Whether you're selling your home, looking to buy, or considering refinancing, getting to grips with the appraisal timeline will equip you with the knowledge to plan accordingly and make informed decisions throughout your real estate journey. Overview of the Appraisal Proce ..read more

If you’re new to the real estate market, you might be wondering: How do appraisers determine value? Whether you're contemplating selling your home, refinancing your mortgage, or simply curious about where your property stands in today's market, grasping the appraisal process is essential.  In this blog post, we’ll answer two important questions: what do real estate appraisers look for? And how do they determine value? We'll dive deep into the methodical approach appraisers take to arrive at a property's value, and why it plays a critical role in almost every real estate transaction. Key ..read more

If you want to know how to choose a real estate appraiser, in this guide,  we dive into all the steps you need to go through to choose a professional who can provide an accurate, fair, and unbiased valuation of your property.  Buying or selling a home requires more than just understanding the market; it's about knowing who to trust with the appraisal process which significantly impacts borrowing amounts and the transaction's success.  In this blog post, we want to simplify the selection process and make sure you're equipped to move forward with confidence in any property deal ..read more

Whether you're buying, selling, or refinancing, one of the most critical steps is getting your property accurately appraised. For that to happen, you need to know how to find a real estate appraiser.  An appraisal not only determines the fair market value of a property but also influences the amount of financing a lender is willing to provide. But many people don’t know how to find a good real estate appraiser who can deliver a fair, unbiased, and accurate valuation. From understanding the role of appraisers to knowing how to find a real estate appraiser who meets your needs and exceeds ..read more

Want to know how long is a real estate appraisal good for? Real estate appraisals play a critical role in the process of buying, selling, and refinancing properties. They provide an objective valuation of a property, which is essential for securing financing, setting sale prices, and making informed investment decisions.  However, the value assigned by an appraisal doesn't last indefinitely. The concept of appraisal validity is important because lenders often have specific requirements about how recent an appraisal must be to consider it valid. That’s why today we’re answering the questi ..read more

You've found your dream home, made an offer, and crossed your fingers, only to discover that the appraised value falls short of the agreed-upon purchase price. Cue the confusion, frustration, and frantic negotiations. But don’t worry! In this article, we dive deep into what an appraisal gap is in real estate, empowering you with the knowledge and strategies to navigate it like a seasoned pro. What Is An Appraisal Gap? An appraisal gap is the difference between the appraised market value of a property and the price agreed upon by the buyer and seller.  The appraised value is an unbiased e ..read more