Anyone who has ever appraised or purchased something in a big city will not be unfamiliar; the soil report you get in front of you is 1 big incomprehensible piece of text more than 50 pages long. You want to buy or appraise that property, and you, as a real estate...
You may well have an appraisal report done on a property and there are 2 appraised values in that report. And then there is probably a big difference between those 2 appraisal values. We’ll explain why that is. For this reason, there are often 2 values in your...
What if the appraisal value is higher than the purchase price? An interesting scenario that could have implications for buyers, sellers and mortgage lenders. In this article, we explore the implications and offer useful insights for dealing with this situation. Find...
If you need an appraisal to obtain financing for a home, in 99% of cases you will need an NWWI VALIDATED appraisal report. This means that an independent institute (the NWWI) checks the appraiser’s valuation report and sees if it meets all the requirements and...
When to pay an appraisal/appraiser is a crucial question when hiring an appraiser for a professional valuation of your home. The process of an appraisal involves several aspects, including the timing of payment. In this article, we explore the important issues...
You can get additional mortgage loans as a (new) homeowner to finance a remodel. A remodel can be very small (such as a new kitchen) or it can be turning the house upside down and wanting to tackle everything in the home. Maybe there is nothing wrong with the home,...
