What to Expect From a House Appraisal .
Author: LocateAppraisers
Category: Finance
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Whether you are looking to buy, sell, or refinance a home, you will find yourself in need of a house appraisal. It's the work of the home appraiser that helps to assess and determine the current market value of the home in order for the lender and the seller to get the best possible terms and deal from the home's true worth. If you are about to have a house appraisal at your home, you may have some concerns. Here is what you need to know about that visit.
Typical Length of an Appraisal
A house appraisal isn't something that is going to take up your whole day. In fact, many house appraisals only take a few minutes to complete, although this can change depending on the size of the property. More property, more time. The home appraiser is going to walk along the outside of your property and measure the square footage. This gives them a real measurement of how big the property may be. Then they will look around the inside, checking on how the features take up space and what, if any, renovations have been done to the home's structure.
Don't Hurry to Clean Things Up
The home appraiser doesn't look at how clean or disorderly the home is, but it will make things easier for them to see all of the space. The appraiser is measuring the size of the home and property and not judging its contents. You may want to make a good impression with an orderly home, but whether you clean up or not will not get you a better appraised value.
Knowing about Those Improvements
You may think it would be a good idea to point out to the home appraiser all of the repairs that have been made during the course of the ownership. That's not needed. The appraiser is a pro and has been trained to notice all of the obvious repairs and improvements. If they do miss something - a new heating system - you should point it out to them.
You should also be able to help the appraiser with any other questions they might have after looking at the home. If you feel like you can't answer questions about repairs, be sure to have someone there who can.
The house appraisal process is much more benign that you may think. The home appraiser will come to your home, look around the property and the home's interior, take some measurements and then leave. They will also survey your neighborhood about its values and write up a report. It's a quick and simple procedure that's important in that it gives a fair value to the home, helping you if you want to buy, sell or refinance.
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Keywords: house appraisal, home appraisal, appraisal
View Count: 93
Date Submitted: 2/26/2008
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