· Tips to Prepare for Your Appraisal If you are planning on selling your home or trying to refinance your mortgage, you will need to get your property appraised as part of the process. Over the past thirty-two years of selling real estate, lots of sellers have asked me what they need to do to prepare for their real estate appraisal. They will specifically ask what the appraiser will be looking at.
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Buying a home involves more than just getting pre-approved for a mortgage (which can be a project on its own.) Once you’ve made an offer, negotiated terms, agreed to a price and locked in your interest rate, you’ll still have to deal with a home appraisal and a home inspection before you can close.
Home appraisals are a part of the home buying process that can be confusing for first-timers. When you go to buy a home, your mortgage lender will want to know whether the house you are interested.
If you’re buying a home and your offer has been accepted, the next step is applying for your mortgage. As part of that process, your lender orders a home appraisal. It gives you a trained professional’s point of view on the fair market value of the home to make sure it’s in line with the purchase price.
how far out from buying a home should the appraisal be done? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
When you are working your way through the complex process of buying a new home, an appraisal can seem like just one more unnecessary hoop for you and the sellers to jump through. However, an accurate appraisal offers information that can help guide you safely through one of the biggest financial decisions in your life.
Whether you’re buying or selling a home or some other property, you don’t want any surprises after you sign on the dotted line. You want assurances that the selling price is fair. If you’re buying a home, you need to know that your mortgage loan will clear with a lending institution. A property appraisal will help you avoid any surprises.