Methods of Sacramento Real Estate Appraisal

Methods of Sacramento
Real Estate Appraisal

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Methods of Sacramento Real
Estate Appraisal
The first thing you have to remember in making an
appraisal is to make it a point to be around during the
appraisal. Your presence greatly helps in influencing the
method positively.

The more upgrades you will be able to pinpoint to the
appraiser, the more accurate he or she will be able to
evaluate your home’s condition.


Estate Appraisal
You may look around your neighborhood and ask about
comparable houses in the area and find time to visit them
in advance if you have a chance to do so.

Your local Department of Real Estate office (DRE) can
help you out find the best appraisal company for you.


Estate Appraisal
Your trusted realtor can also help you in this matter since
he or she knows the best appraiser around and knows a
great deal about the area.

It is preferable that your realtor is also around during a
real estate appraisal. One of the basic steps in the home
buying or selling process is a real estate appraisal.


Estate Appraisal
According to some experts, this method helps to establish
the market value of a home and its likely price in a
competitive and open real estate market.

Mortgage lenders such as banks and other financial firm
will surely require an appraisal if you are going to use a
property to secure a loan since they want to make sure
that the property will sell at the amount it will lend you.


Estate Appraisal
That is a no brainer and this method is also done by
investors as well to be able to loan money from banks and
other financial institution.

The methods of a real estate appraisal include the
following;


Estate Appraisal
• Banks and other financial firm will get full information
on the subject property, along with side-by-side
comparisons of three similar houses.

• They will also make an evaluation of the overall real
estate market of the area.


Estate Appraisal
• An estimate of the average sales time of the home.

• Statements about issues that the appraiser feels could
negatively affect the home value, such as poor access to
the property.


Estate Appraisal
• Banks will also take note about possible serious
problems inside the house like the ceiling, flooring and
even the foundation of the house.

• Banks will also investigate the type of community or
neighborhood the home belongs.


Estate Appraisal
Experts added that in appraising residential
properties, there are two techniques to be used, these are
the Sales Comparison technique and the Cost technique.

In the first technique, the appraiser makes an estimate of
the home’s market value by comparing similar houses
that have sold in the area.


Estate Appraisal
The homes used are known as comparables or comps.
Because no two homes are the same, the appraiser should
compare the subject home with the comps, make
adjustments to make the features nearer to the subject
home.

The result is a figure that show what each comp would
have sold if it had the same components as the subject
home.


Estate Appraisal
The other one, the so called cost technique, the appraiser
estimates the amount of the replacement of the structure
if it were destroyed.

Although some areas do not require license or
certification, a licensed or certified appraiser should do a
real estate appraisal.


Estate Appraisal
Always keep in mind that appraisals are very
subjective, so they are open to manipulation.

A real estate appraisal is very important, particularly if
you want to sell your home. Maximize the value of your
property by taking an active part in the appraisal
process.


Estate Appraisal
Remember that appraisers are not robots, they are not
familiar with every aspects of your home needed to be
appraised.

So, better help your appraiser understand your property
more.


Estate Appraisal
Looking for Sacramento Real Estate appraiser?

Then visit us at www.DavidYaffeeTv.com !

We can refer Sacramento Real Estate appraiser for free!
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