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How exactly does an appraisal work?

How exactly does an appraisal work?

A home appraisal is an estimate of the value of a property. The value of the property is determined by a certified and licensed appraiser. You need an appraisal when applying for a mortgage, but also when you want to sell your house. However, an appraisal is more work...
When do you need an appraisal report?

When do you need an appraisal report?

In these cases, you will (usually) need an appraisal report: -You’ve bought a house and need a mortgage.-You want a discount on your current mortgage rate. By demonstrating that your home has increased in value significantly, you will fall into a different risk...
How exactly does an appraisal work?

How exactly does an appraisal work?

How does an appraisal work?The Registered Appraiser will do an appraisal in your home in which he will gather the following information, among others:- The state of maintenance (in detail)- The repair costs of moderate and poor maintenance- The contents and area- The...