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:
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.