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Home Appraisal Tips

Home appraisals are meant to establish market value. A lowball appraisal can kill your real estate transaction. A Home Appraiser is a specialist who uses mathematical analysis to determine your home’s value (Sales Comparison Approach). This value is based on similar homes in your neighborhood. First, the value per square foot is determined and applied. Then the appraiser looks at the overall condition of the home. 1.  All appraisers are not created equal Appraisals are not fact.  Rather, they are the opinion of … [Read more...]