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About Home Equity Loans & Bad Credit
About HUD Homes
About Loss Mitigation
About Rent-to-Own Homes
Do You Need an Appraisal to Sell a Timeshare?
First Time Home Buyer Checklist
How to Apply for a Housing Voucher
How to Apply for Housing Assistance
How to Get a First Time Home Buyers Grant
How to Get Federal Housing Grants
How to Make an Offer on a House
How to Refinance a Home
How to Sell a Home by Owner
How to Sell a Home Using an Auction
How to Sell a Timeshare Property
How to Sell Your House Quickly
How to Sell Your House Without a Realtor
What Do Home Appraisers Look For?
What Is a Home Abstract?
What Is a Short Sale in Real Estate Terms?
What Is Illegal House Flipping?
What Is Refinancing a Home?
What Is Spot Zoning?
What Is the Definition of Equities?
What Is the Foreclosure Process?
What Is the Definition of a Duplex?
Where to Find the History of Your Property
A home appraisal is a written estimate of your home's market value by a licensed appraiser based on severa… More
Calculating the value of a home involves finding between three and five comparable homes that have similar… More
The price tag is usually the most important factor of a home for future homebuyers; however, it is not alw… More
Getting a home appraised requires hiring a real estate agent who knows the local appraisers and can gather… More
Home appraisers look for the condition of the property, the size of the property and how the property comp… More
When preparing a home for sale or when refinancing, it is extremely important to know exactly what is insp… More
Buying a home is typically the biggest financial investment most individuals will make in their lifetimes.… More
The assessed value of a home is the basis for calculating property taxes. The final number is a factor in… More
Home values of friends and neighbors may not be any of our business, but they sure are interesting. There … More
Yale University economist Robert J. Shiller has developed a widely acclaimed record of U.S. home prices de… More
Home appraisals are used to determine a property's market value for various reasons, such as to establish … More
Calculating the value of a used mobile home can be done using a variety of methods and services. The value… More
Whether you are looking at selling your home, refinancing or getting a home equity loan it is important to… More
Summary: Home appraisers look for the condition of the property, the size of the property and how the property compares to other houses sold in the neighborhood. Find out how home appraisals are used for lenders, real estate companies and potential buys with information from a mortgage specialist in this free video on real estate.
Stetson Lowe is a mortgage expert specializing in assistance with resolving complex mortgage problems and advising both Realtors and mortgage advisers.read more
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"Hi my name is Stetson Lowe and in this clip we're going to go over the question what do home appraisers look for? The first thing I would say they look for is the condition of your property, the condition and the size. Those are the two main things. Due to the new technology with satellite mapping systems and things like that they're able to get a good detail of the neighborhood, an aerial photo then they will show up to the property and do an inspection and measure out the square footage of your home. They'll also take a lot of digital photos of the outside and the inside, the street view of the neighborhood, the back yard view and get an overall really good idea of what the condition of the property is. Then they will stack the condition of your property, the upgrades and the amenities and the overall size next to anywhere from 3 to 6 sold homes that have sold typically in the past six months within a one mile radius of your home. Then they make any adjustments based on differences and sizes and upgrades and amenities and adjust each home and come up with a final estimate of value. This is a detailed report that they can pass along to lenders, real estate companies, potential buyers and give them a very good idea of what the fair market value is of your particular home or the home you're looking to purchase."
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