Home | Ask Your Question | Mortgage Glossary
Find me a lender for:  
Alamo California Appraisal Home Value By Laura Hogg

There are places you can seek out online that will give you access to an appraisal of your homes value. But what is an appraisal exactly? It is an opinion in written form of the value of a piece of real estate at a certain time or date. It should be an analysis that is both independent and impartial. People usually get appraisals when they sell a property or it is taxed or insured or financed. Inspection alone is not enough to determine value.

You can access public real estate records quickly and easily. With such information, you can compare the sales data that you find to your home or other homes and analyze the homes value based on this information. It does not take a long time to do this. What do you get with the results of your appraisal home value? The following things will be listed: price, of course, square footage of the home, number of bedrooms, and the year the home was built, if this information is available.

In addition to finding home values and prices, you can get access to a valuation of a custom home from a realtor.

For your appraisal, do you want to find a real estate appraiser? When you look for one, look for certain qualities to ensure you have a good one. You want an individual who has lots of experience in the different aspects of the field. You want this person to be educated in real estate and have training in the principles of valuation. The person doing your appraisal home value should have experience with both the buying and selling of real estate. Make sure your appraiser is knowledgeable in levels of value and knows how the real estate market is affected. Your appraiser should also know about retail values.

The cost of appraisal home value varies depending on the type of property that is being dealt with. If you have a single-family home that is residential, the cost could be in the ballpark of a few hundred dollars, perhaps. It is going to cost a lot more if the property is commercial, say thousands of dollars. Do appraisals take a long time? Not really. A report can normally come out in two or three days after the inspection of the residential property. Expect a commercial property report to take longer.

If you want to find the market value of your home, you can go to www.smartervalues.com. Simply fill in details on an online form such as number of bedrooms, lot size, and address. The home valuation report they offer here is free of charge.

There are several times when you ought to be thinking about getting that appraisal home value. If you are seeking out a real estate loan, your lender will hire an appraiser. If you want to sell your home, you have to first get a good idea of its value. Appraisals are done for buyers or renters, or even for property tax appeals. You also may want to get an appraisal for help determining where to build either commercial or residential property. Lastly, an appraisal may be needed for probate, estates and trusts.


Inside Alamo Real Estate is a network entirely devoted to real estate information. The entire Inside Real Estate network has more than 100,000 pages of real estate for cities allover the United States. Inside Real Estate covers several topics from the basic "how to's" of real estate to city-specific real estate information.




See Also:

Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ... more...

Appraisal vs. Market Value: How to Avoid Pitfalls in the Sale of Your Home
When you sell your home, appraisers use comps (comparable market sales) of local properties sold within the last six months to value your home. With todays rapidly rising sellers market, six-month-old information is ancient history. Appraised value does not always equal the true market value, or ... more...

Alamo California Appraisal Home Value
There are places you can seek out online that will give you access to an appraisal of your homes value. But what is an appraisal exactly? It is an opinion in written form of the value of a piece of real estate at a certain time or date. It should be an analysis that is both independent and ... more...

What Does the Term "Market Value" Mean?
When a real estate agent talks to you about listing your home, you'll hear a great deal of talk about "market value," but just what's meant by that term? In this article, we're only going to be considering your single family home, because different standards and calculation methods apply to ... more...


More on home value...

Search More Info On:

  • Home Value
  • Appraisal
  • Appraisal Home
  • Home Appraisal
  • Real Estate Value
  • Property Value
  •  

    Shop For Your Mortgage Now!
    Shop For Your Mortgage Now!

    You'll be re-directed to Top-Lenders.com

    Want to Know Your Rate?
    Get Customized Mortgage Quote Instantly

     
    ExplainingMortgages © 2005 - 2009