Top 5 Factors That Influence Residential Appraisals the Most!

Top 5 Factors That Influence Residential Appraisals the Most!

Factors Affecting Residential Appraisals: Introduction  When you’re planning to sell, refinance, or divide assets, accurate value matters. Both residential appraisals and home appraisals weigh the same core drivers: square footage, location, condition, upgrades, and broader market trends. Understanding these five will help you prep smart, avoid low surprises, and present your property at its best. 1) How Square Footage Impacts Residential Appraisals & Home Appraisals Gross living area...

Crossing the Divide Between Old and New

Crossing the Divide Between Old and New

by Linda Whittlesey, SRA I have recently observed that our Chapter and indeed our industry are currently comprised of a combination of the old guard and the new. We primarily consist of two factions: established appraisers - elder statesmen and elder stateswomen making their mark at the top of their game as leaders within the litigation space, diminution in value, eminent domain, mediation and trust and estate assignments. Additionally, we have an impressive cadre of up-and-coming gen-x...

The Value of Appraisal

The Value of Appraisal

Unlocking the True Worth of Your Assets In a world where the accurate assessment of assets is crucial, appraisal companies play a pivotal role in providing invaluable insights into the value of tangible and intangible properties. Whether it's real estate, vehicles, artwork, or business assets, a comprehensive appraisal conducted by a reputable company can uncover the true worth of these assets. This article explores the importance of appraisal services and highlights the benefits they offer to...

Six Tips to Help Your Home Appraise Well

Six Tips to Help Your Home Appraise Well

Congratulations! You have a contract on your house, at or near your asking price, and your buyer is in the midst of the mortgage approval process. The deal is not totally closed, however, until a few important milestones are met. One of the most crucial is that your home appraise high enough to meet the lender’s standards. Remember, the appraisal assures that the relationship between the amount of the loan and the property value, or the loan-to-value ratio, is appropriate. Otherwise, buyer and...