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…]
With warmer weather on its way, the Appraisal Institute encourages homeowners to improve their properties without moving beyond neighborhood norms. [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…]
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…]
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…]
Some consumers confuse the role of appraisers with that of home inspectors. But important differences exist between the services offered by those professionals.
Money vs. maintenance
Appraisals are completed to provide a credible, reliable opinion of a property’s value. Inspections are performed to give prospective homebuyers insight into a home’s plumbing, electrical, roof and other features to help determine its condition.