Learn the meaning of opinion of value for real estate and why you need it. A real estate opinion of value is an estimate of the price that a property would likely sell for on the open market. A real estate opinion of value may be requested for a variety of purposes, such as to […]
What Hurts a Home Appraisal Top 3 things that could hurt your home appraisal: 1.) Lack of Maintenance If your home is in poor condition due to lack of maintenance, it could be valued lower than similar homes that are well-maintained. This is because appraisers will take into consideration the condition of the property when […]
Determining the Value of a Home or Real Estate with a Comparative Marketing Analysis A frequently asked question we get all the time is, what is a comparative market analysis in real estate and why is it important for a real estate agent to understand the importance of fair market value in housing prices. Comparative […]
Costs and Services Included in a Real Estate, Home Appraisal The home appraisal is a process that leads to the development of an opinion of value for a home. The process typically finishes with an appraisal report that contains physical information about the home being appraised, the market in which the home is located, and […]
Ever wonder what a real estate appraiser does besides the obvious? Washington State has some unique legal requirements for home appraisals.