When considering appraisers, many people initially might think only of residential properties. However, valuation professionals can offer a broad range of services to both commercial and residential real estate clients.
[Read more…]An appraisal is one of the key components of buying or selling a home, and if potential issues are found with that opinion of value, buyers and sellers have options.
Here are four tips to consider before challenging an appraisal:
Landscaping projects are popular at this time of year among many homeowners … especially those who enjoy hosting summer activities and gatherings.
Homebuyers and sellers may be familiar with the concept of assessed value and market value of properties. But while these values may seem similar, they differ in important ways. [Read more…]
With the winter season nearly upon us, the Appraisal Institute encourages homeowners to winterize their properties now to benefit from reduced household costs and to enhance comfort. [Read more…]
In its latest video, the Appraisal Institute, the nation’s largest professional association of real estate appraisers, highlights what the organization has to offer to valuation professionals. [Read more…]
To help their customers, lenders might be tempted to choose a less time consuming – and potentially lower cost – real estate valuation method than an appraisal. But while alternative valuation options – such as automated valuation models and broker price opinions – might be cheaper, are they better? [Read more…]
An appraisal designation can potentially help an appraiser’s career become more lucrative. [Read more…]
Preparing for a real estate appraisal shouldn’t be stressful for a homeowner. But whether the property is being refinanced or sold, understanding how to get ready for an appraiser’s visit is essential.
[Read more…]
As tax bills arrive this time of year, many consumers may find themselves thinking that property taxes are too high – and some research supports that sentiment. According to the National Taxpayers Union, a non-profit advocacy organization, 30 to 60 percent of properties in the U.S. are over-assessed.
For owners who decide to appeal their property taxes, it’s important to be sufficiently prepared.